________ Income Is from Activities in Which the Taxpayer Does

question 1

Multiple Choice

________ income is from activities in which the taxpayer does not actively participate.

• A)Active
• B)Portfolio
• C)Passive
• D)Investment
• E)both C and D

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Definitions:

Expert System

Computer program that imitates human thinking through complicated sets of “if-then” rules.

Human Thinking

The cognitive process that includes reasoning, problem-solving, and decision-making by humans.

Expert System

A computer system that emulates the decision-making ability of a human expert in a specific domain.

Application Service Provider

A business providing computer-based services to customers over a network, such as access to a particular software application.