If a Taxpayer Works at Two or More Jobs During

question 39

True/False

If a taxpayer works at two or more jobs during the same day, he or she may deduct the cost of transportation from one job to the other.

---

Definitions:

Secured Loan Agreement

A loan agreement in which the borrower pledges an asset as collateral for the loan, which the lender can seize if the loan is not repaid.

Collateral

Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.

Precautionary Demand

The desire to hold cash or assets as a buffer against future financial uncertainties.

Emergency Needs

Financial requirements that arise unexpectedly and require immediate attention, often relating to health, home repairs, or urgent personal matters.