For Tax Year 2019, Taylor Used the Simplified Method of Determining

question 41

True/False

For tax year 2019, Taylor used the simplified method of determining her office in the home deduction.For 2020, Taylor must continue to use the simplified method and cannot switch to the regular (actual expense) method.

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Definitions:

Build-To-Order

A manufacturing approach where products are only made after receiving a customer's order, allowing customization.

Nike

An American multinational corporation that designs, manufactures, and markets footwear, apparel, equipment, and accessories, known for its athletic and lifestyle products.

Specific Preferences

Individual tastes or choices that influence buying behavior, often shaping the selection of products or services.

Mass Customization

A manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.