A(n)__________ Use Policy Is a Policy That a User Must

question 64

Short Answer

A(n)__________ use policy is a policy that a user must agree to follow in order to be provided access to a network or to the Internet.

---

Definitions:

Not a Passive Activity

Activities that involve significant participation and management by the taxpayer, hence not qualifying for tax treatments as passive activities.

Business Loss

A financial state where business expenses exceed its revenue, which can affect tax liabilities.

Deduct

To subtract or take away from the gross amount; in taxation, to lower taxable income by subtracting allowable deductions.

At-risk Amount

The investment in money or other property at risk in an activity, determining the deductible loss limit.