Matching Using the Legend Provided, Classify Each Statement Accordingly

question 95

Multiple Choice

Matching
Using the legend provided, classify each statement accordingly.
-Excess capital losses cannot be offset against ordinary income.

• A)Applies only to the income taxation of individuals
• B)Applies only to the income taxation of C corporations
• C)Applies to both the income taxation of individuals and of C corporations
• D)Applies to neither the income taxation of individuals nor of C corporations

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Definitions:

Self-Effacing Bias

The tendency to downplay one's own success or attribute positive outcomes to external factors rather than to one's own efforts or abilities.

Rationalization Attribution

The process of explaining an individual's behavior with logical, but not always true, reasons to justify actions or opinions.

Self-Serving Bias

The common human tendency to attribute success to personal characteristics and failures to external factors, thereby protecting self-esteem.

Defensive Attribution

A cognitive bias where individuals attribute causes of accidents or misfortunes to external factors when involving others but to internal factors when it involves themselves, often to shield their ego.