An Unreimbursed Employee Business Expense Can Create an NOL for an Individual

question 59

True/False

An unreimbursed employee business expense can create an NOL for an individual.

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Definitions:

Apparent Power

A measure of the total power in an AC circuit, expressed in volt-amperes (VA), that combines both real power (measured in watts) and reactive power (measured in volt-amperes reactive, or VARs).

Three-Phase Circuit

An electrical circuit design that uses three alternating currents, each of which reaches its peak value at one third of a cycle from the other, to efficiently supply power.

Phase Values

Phase values pertain to the specific measurements or quantities that characterize each phase in a multiphase electrical system, such as voltage or current levels.

Pure Reactive Load

An electrical load that consumes reactive power only, with a power factor of zero, meaning it does not dissipate real power.