Inmates Who Are Released on ________ Parole Release No Longer

question 41

Multiple Choice

Inmates who are released on ________ parole release no longer require further correctional supervision and cannot be returned to prison for their current offense.

• A) unconditional
• B) discretionary
• C) expiration
• D) mandatory

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Definitions:

Tax Shield

The reduction in income taxes that results from taking allowable deductions from taxable income, such as interest on debt.

Fully Taxable Recapture

The process whereby the IRS fully taxes the depreciation or deductions previously taken on an asset, typically when the asset is sold for a gain.

Bargain Price

A price that is significantly lower than the perceived value of an item or investment.

Balance Sheet

A financial statement that showcases the assets, liabilities, and shareholders' equity of a company at a specific point in time.