It Is Difficult to Estimate Current Rates of Extinction, but We

question 77

Multiple Choice

It is difficult to estimate current rates of extinction, but we know that extinction rates have risen dramatically in recent years because

• A) most species in danger of extinction are microscopic.
• B) background extinction rates have increased.
• C) the fossil record is unreliable.
• D) current rates of extinction are much higher than that of background rates.
• E) new species are evolving as fast as species are becoming extinct.

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Definitions:

GAAP

Stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.

Abusive Tax Shelter

Investment schemes that are designed primarily to evade taxes, often by exploiting legal loopholes.

Federal Tax Law

Legislation that governs the collection and regulation of taxes at the national level in the United States, including income, corporate, and sales taxes.

Gross Income

The total income earned by an individual or business before any deductions or taxes are taken out.