Lipids Are Able to Perform All of the Following Functions

question 213

Multiple Choice

Lipids are able to perform all of the following functions except

• A) be a signal from one part of the body to the other.
• B) color the leaves of a tree.
• C) prevent feathers from getting wet.
• D) store energy.
• E) dissolve polar substances.

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Definitions:

Not a Passive Activity

Activities that involve significant participation and management by the taxpayer, hence not qualifying for tax treatments as passive activities.

Business Loss

A financial state where business expenses exceed its revenue, which can affect tax liabilities.

Deduct

To subtract or take away from the gross amount; in taxation, to lower taxable income by subtracting allowable deductions.

At-risk Amount

The investment in money or other property at risk in an activity, determining the deductible loss limit.