Which Statement Concerning the White House Communications Office Is Incorrect

question 97

Multiple Choice

Which statement concerning the White House Communications Office is incorrect?

• A) It was an innovation by Bill Clinton.
• B) It has become an important institution within the Executive Office of the President.
• C) It allows the president to avoid giving information to the public.
• D) It is designed to deflect criticism of the president.
• E) It develops and implements a coordinated communications strategy.

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Definitions:

At-Risk Rules

Tax regulations limiting the amount of deductible losses from certain types of investments to the amount actually at risk.

Passive Activity

Economic activities in which the taxpayer does not materially participate, like rental property, often with distinct tax rules.

Suspended Passive Losses

Losses from passive activities that exceed income from passive activities, which cannot be deducted in the current year and must be carried forward to future tax years.

At-Risk

The at-risk rules limit the amount of loss a taxpayer can claim to the amount actually at risk in the investment activity.