The Method by Which Scientists Draw Generalizations Derived From, and Test

question 19

Short Answer

The method by which scientists draw generalizations derived from, and test hypotheses against, empirical observations is known as _________________.

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Definitions:

Capital Loss Carryforward

A provision allowing taxpayers to use a net capital loss in one year to offset a net capital gain in future years, subject to limitations.

Capital Loss Carryback

Capital Loss Carryback is a tax provision allowing taxpayers to apply a net capital loss to past tax years’ returns to receive a tax refund for taxes previously paid on capital gains.

Schedule M-1

is a tax form used by corporations to reconcile income reported on tax returns with income reported on financial statements.

Alternative Minimum Tax

A parallel tax system to the regular income tax that ensures that certain taxpayers pay at least a minimum amount of tax.