Choose the Word or Phrase in [ ] Which Will

question 18

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Most commonly,the deductible in a health insurance policy is on [an annual | a per-incident] basis.

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Definitions:

Transportation Expenses

Costs incurred by an individual or business for transporting goods or persons, which can often be deducted for tax purposes.

Tax Purposes

The reasons or objectives behind levying taxes on individuals or entities, which could involve raising revenue for public services, redistributing wealth, or influencing economic decisions.

Night Auditor

A hotel or facility employee who performs accounting and other duties during the nighttime, often handling both front desk and financial transactions.

Standard Mileage Rate

A fixed rate set by the IRS that taxpayers can use to calculate deductible vehicle expenses for business, charitable, medical, or moving purposes.