The _________ Was One of the Three Departments of the Federal

question 60

Short Answer

The _________ was one of the three departments of the federal government that existed in 1789.
A) Department of State
B) Department of Labor
C Department of Justice
D) Department of Commerce

• A) Department of State
• B) Department of Labor
• C Department of Justice
• D) Department of Commerce

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Definitions:

Material Participant

An individual who is actively involved on a regular, continuous, and substantial basis in the operations of a business, affecting their tax treatment of losses.

Form 6198

An IRS form used by taxpayers to determine the amount of loss from an at-risk activity that is deductible.

IRC

The Internal Revenue Code, which is the comprehensive set of tax laws in the United States governing federal tax obligations.

Active Income/Loss

Income or losses generated from direct business activities or employment, as opposed to passive income from investments.