Communality Is ________

question 15

Multiple Choice

Communality is ________.

• A)the amount of variance a variable shares with all the other variables being considered
• B)the percentage of the total variance attributed to each factor
• C)the proportion of variance explained by the common factors
• D)both A and C are correct

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Definitions:

Tax Year

The 12-month period for which tax is calculated. It can be a calendar year or a fiscal year, depending on the taxpayer.

Depreciation Expense

A non-cash expense that reduces the value of an asset over time due to wear and tear, ageing, or obsolescence.

Schedule E

Schedule E is a form used for tax filing in the U.S. that reports income and losses from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

IRS Method

A term not specifically defined but often refers to the procedures, formulas, or rules established by the IRS for calculating taxes, deductions, and credits.