The Keywords True and False Are Floating Point Values

question 3

True/False

The keywords True and False are floating point values.

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Definitions:

Schedule K-1

A tax document used in the United States to report an individual's share of income, deductions, credits, etc., from partnerships, S corporations, or other pass-through entities.

Schedule E

A part of the IRS tax forms used for reporting income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

Schedule A

A tax form used by American taxpayers to itemize deductions, such as medical and dental expenses, taxes paid, and interest.

Rental Income

Income received from leasing property to tenants, considered taxable income and must be reported to tax authorities.