A Learning Disability Usually Is Identified ________

question 120

Multiple Choice

A learning disability usually is identified ________

• A) because teachers and school administrators are on the watch for the signs.
• B) because a child shows a disparity between his or her actual academic achievement and expected academic achievement.
• C) because a child begins to show significant emotional problems, fails, and begins to hate school.
• D) because the child has been doing very well in school for several years and then suddenly starts failing.

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Definitions:

Receipt of Boot

Tax term referring to non-like-kind property or cash received in an exchange, which may trigger taxable gain.

Like-kind Exchange

A tax-deferred exchange of similar properties under section 1031 of the U.S. Tax Code.

Installment Method

A tax method allowing income recognition from sales or transfers of property over time as the seller receives payments.

Deferred Payments

Payments or income that are delayed to a future date, which can have various tax implications depending on the nature of the deferral and the tax rules applicable.