In Order to Simplify Recordkeeping,a Self-Employer Taxpayer Elects to Use

question 70

True/False

In order to simplify recordkeeping,a self-employer taxpayer elects to use the federal per diem rate for business travel expenses.This election eliminates the requirement of maintaining documentation of time,place and business purpose of the travel.

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Definitions:

Endemic Species

A species found only in the region where it evolved.

Habitat Destruction

The process by which a natural habitat becomes incapable of supporting its native species, leading to a loss of biodiversity.

Plastic Trash

Waste material consisting of discarded items made of plastic, often found polluting environments such as oceans, rivers, and landscapes.

Durable Items

Goods or products designed to last for a long period without frequent replacement, typically including appliances, cars, and furniture.