Under the Americans with Disabilities Act (ADA),an Individual Is Disabled

question 5

Multiple Choice

Under the Americans with Disabilities Act (ADA) ,an individual is disabled:

• A) if he or she has a physical or mental impairment that substantially limits one or more of the major life activities of an individual.
• B) only if he or she has a physical impairment that limits activities such as walking or standing.
• C) if he or she has an impairment resulting from advanced age or exhibits personality traits such as a quick temper.
• D) only if he or she has been completely bedridden for three or more years.

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Definitions:

Credit Carryforwards

Tax policy provisions allowing companies or individuals to use a net operating loss or tax credit from one fiscal period to reduce taxes in future periods.

Tax Losses

Financial losses that can be deducted from taxable income, ultimately reducing the amount of tax owed to the government.

Deferred Tax Liability

A tax obligation that arises from temporary differences between financial and tax reporting and is expected to be settled in future fiscal periods.

Consolidated SFP

Stands for Consolidated Statement of Financial Position, which is a financial report that aggregates the assets, liabilities, and equity of a parent company and its subsidiaries.