Match Each Statement with the Correct Term Below

question 118

Multiple Choice

Match each statement with the correct term below.
-Casualty loss

• A)Limited to $3,000 annually for individuals.
• B)When an asset is disposed of for less than its basis.
• C)An excess of business deductions over business income.
• D)A trade or business in which the taxpayer is not a material participant.
• E)A loss that results from some sudden, unexpected, or unusual event.
• F)Any asset that is not a receivable, inventory, or depreciable or real property used in a trade or business.

---

Definitions:

Nativists

Philosophers or scientists who argue that certain skills or abilities are "native" or hard-wired into the brain at birth, contrasting with those who believe in the primacy of the environment (empiricists).

Cognitive Abilities

Refer to the mental skills that enable learning, problem-solving, memory, and attention.

Prewired Abilities

Innate capacities or functions that are present and operational at birth.

Dishabituation

The revival of attention to a stimulus following the presentation of a new or different stimulus, after habituation has occurred.