Match Each Term with the Correct Statement Below

question 111

Multiple Choice

Match each term with the correct statement below.
-The payment of tax throughout the year as income is earned.

• A)Ad valorem tax
• B)Deduction
• C)Excise tax
• D)Exclusion
• E)Expense
• F)Gain
• G)Loss
• H)Ordinary income
• I)Pay-as-you-go concept
• J)Personal property
• K)Real property
• L)Self-assessment
• M)Standard deduction
• N)Statute of limitations
• O)Tax base
• P)Tax credit

---

Definitions:

Substance Intoxication

Experience of significantly maladaptive behavioral and psychological symptoms due to the effect of a substance on the central nervous system that develops during or shortly after use of the substance.

Substance Tolerance

A reduced response to a drug over time, requiring an increase in dosage to achieve the originally desired effect.

Alcohol

A psychoactive substance found in drinks like beer, wine, and spirits, known for its effects on mood, behavior, and health.

Nicotine

Alkaloid found in tobacco; operates on both the central and peripheral nervous systems, resulting in the release of biochemicals, including dopamine, norepinephrine, serotonin, and the endogenous opioids.