A Bird Species Nests in a Specific Kind of Tree

question 28

Multiple Choice

A bird species nests in a specific kind of tree. The tree is not harmed by the bird building its nest in the tree's branches, but the bird benefits from the shelter provided by the tree and is better able to successfully raise young. This is an example of

• A) mutualism.
• B) endosymbiosis.
• C) commensalism.
• D) symbiosis.

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Definitions:

Tax Due

The amount of tax liability one owes to a tax authority after all calculations are completed.

Wash Sale Rules

IRS regulations that disallow the claim of a loss on the sale of a security if a substantially identical security is purchased within a 30-day period before or after the sale.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Like-Kind Exchange

A tax deferral for the exchange of business or investment properties that are of the same nature or character, without cash being involved.