A ____________ Is a Mistake That Does Not Prevent the Program

question 125

Multiple Choice

A ____________ is a mistake that does not prevent the program from running but causes it to produce incorrect results.

• A) syntax error
• B) logic error
• C) parse error
• D) interpret error

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Definitions:

Capital Loss Carryforward

The process of applying net capital losses to future tax years to reduce taxable income, subject to limitations.

Net Capital Loss

The result when the total capital losses from investments exceed the total capital gains in a tax year.

Net Capital Gain

The profit from the sale of an asset or investment, subtracted by any losses from sales in the same tax year.

AMT

Short for Alternative Minimum Tax, a parallel tax system designed to ensure that individuals and corporations pay at least a minimum amount of tax.