Once the Actual Cost Method Is Used, a Taxpayer Cannot

question 46

True/False

Once the actual cost method is used, a taxpayer cannot change to the automatic mileage method in a later year.

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Definitions:

Main Programs

Often refers to the most important or widely recognized policies, plans, or software applications within a specific context or organization.

Income Equality

The situation in which income is distributed evenly across members of a society or economy.

Major Argument

A key or central point made in a discussion, debate, or piece of writing that supports the main conclusion or proposition.

Occupational Segregation

The division of labor based on demographic characteristics, such as gender or ethnicity, resulting in unequal job distribution.