Who Is Most at Risk of Dropping Out of College

question 142

Multiple Choice

Who is most at risk of dropping out of college?

• A) Juanita, a wealthy Hispanic student attending her father's college
• B) Derrick, a first generation college student who is African American
• C) Anne, a college student attending a 2-year institution
• D) Mauricio, a college student attending a 4-year institution

---

Definitions:

Loss Carryforward

A tax provision that allows taxpayers to use a current year's losses to reduce taxable income in future years.

Taxable Income

The portion of income that is subject to taxation after all deductions, exemptions, and adjustments.

Equipment

Physical items purchased for use in operations of a business, often subject to depreciation for tax purposes.

Depreciation

The process of allocating the cost of a tangible asset over its useful lifespan, representing wear and tear, deterioration, or obsolescence.