Any Unused General Business Credit Must Be Carried Back 3

question 56

True/False

Any unused general business credit must be carried back 3 years and then forward for 20 years.

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Definitions:

Big Five

A model describing five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used in psychological assessment.

Personality Traits

Enduring characteristics that describe an individual's behavior, mindset, and emotional patterns.

Serial-Position Effect

The tendency for individuals to recall the first and last items in a series best, and the middle items worst.

Fraternity Members

Individuals who are members of a fraternity, a social organization typically found in colleges or universities.