A Net Operating Loss (NOL)occurs When Taxable Income for Any

question 12

True/False

A net operating loss (NOL)occurs when taxable income for any year is negative because itemized deductions and total exemptions exceed business income.

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Definitions:

Conditioning

A learning process in which an organism's behavior becomes dependent on the occurrence of a stimulus in its environment.

Reinforcement

In behavioral psychology, a stimulus or event that increases the likelihood of the recurrence of a particular behavior.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through classical conditioning.

Positive Feelings

Emotional states that are pleasant or desirable, such as happiness, joy, or contentment.