atch the taxable income terms on the right with the descriptions of the terms on the left. (Note: These are not necessarily complete definitions, but here is only one possible answer for each term.) Description Term This is used to offset passive income. Incorne from savings accounts, stocks, bonds, mutual funds, optons, and futures are included in this term. Using taxable income, It is based on tax tables or tax rate schedules: This term essentially inctudes all income subject to federal tax: This hem is taxed at different rates depending on the holding period. atch the taxable income terms on the right with the descriptions of the terms on the left. (Note: These are not necessarily complete definitions, but here is only one possible answer for each term.) Description Term This is used to offset passive income. Incorne from savings accounts, stocks, bonds, mutual funds, optons, and futures are included in this term. Using taxable income, It is based on tax tables or tax rate schedules: This term essentially inctudes all income subject to federal tax: This hem is taxed at different rates depending on the holding period