The Average College Student Spends What Percentage of His Time

question 37

Multiple Choice

The average college student spends what percentage of his time in an average day listening?

• A) Over 50%
• B) Over 60%
• C) Over 70%
• D) 47%

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Definitions:

Active Income/Loss

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

Passive Income/Loss

Earnings from rental property, limited partnerships, or other enterprises in which the individual is not actively involved.

Passive Activity Loss Rules

Regulations that limit the amount of losses taxpayers can deduct from passive activities, such as rental properties, against other income.

At-Risk Rules

Tax regulations limiting the amount of deductible losses from certain types of investments to the amount actually at risk.