Which of the Following Items Are Tax Preference Items for Purposes

question 8

Multiple Choice

Which of the following items are tax preference items for purposes of arriving at alternative minimum taxable income?

• A)excess intangible drilling costs on oil and gas properties
• B)interest income earned on federal obligations
• C)all depreciation claimed on pre-1987 real property acquisitions
• D)excess of net long-term capital gains over short-term capital losses

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Definitions:

Novel Task

A new or unique task that has not been performed previously, often requiring innovative thinking and approaches.

Well-Learned Task

A task that an individual or team can perform efficiently and effectively due to extensive practice and familiarity.

Social Loafing Effect

identifies the tendency for individuals to exert less effort when working in groups than when working alone, due to perceived diffusion of responsibility.

Individual Work

refers to tasks or projects completed by a single person, focusing on personal responsibility and autonomy in achieving objectives.