The Words Occasionally, Sometimes, Regularly and Often Are Considered Ambiguous

question 27

True/False

The words occasionally, sometimes, regularly and often are considered ambiguous.

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Definitions:

Charitable Contributions

Donations made to qualified organizations, which can often be deducted from taxable income.

Taxable Income

The portion of one's income that is subject to taxes by federal, state, and/or local governments, calculated after deductions and exemptions.

Carryforward

A tax provision allowing current losses or credits to be used in future tax years to offset potential gains or income.

Net Income

The amount of earnings left after all expenses, taxes, and costs have been subtracted from total revenue.