The Large Increase in Pirate Attacks Between 2008 and 2009

question 20

Multiple Choice

The large increase in pirate attacks between 2008 and 2009 was due to a surge in attacks off the ____ coast

• A)Indonesia
• B)China
• C)Somalia
• D)India

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Definitions:

Passive Income

Earnings derived from a rental property, limited partnership, or other enterprises in which a person is not actively involved.

At-risk

Pertains to the amount of money invested in an activity that could be lost, used in tax contexts to limit deductions.

AMT Adjustment

A modification required under the Alternative Minimum Tax rules to convert regular taxable income into AMT taxable income.

AMT Depreciation

Depreciation methods under the Alternative Minimum Tax system, which can differ from regular tax depreciation in terms of rates and methods.