An Open-Class System Is One in Which

question 38

Multiple Choice

An open-class system is one in which:

• A) class lines are not definite.
• B) Europeans and Americans have equal upward mobility.
• C) people have no chance of moving up socially.
• D) class lines are definite.

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Definitions:

Forfeit

The loss of any right, privilege, or property because of a breach of obligation or failure to meet a requirement.

Mileage Reimbursement

Compensation for fuel and wear-and-tear expenses for the use of a personal vehicle for business purposes, usually calculated by the mile.

Schedule C

A tax form used by sole proprietors to report income and expenses from a business.

Actual Expenses

Real, documented expenses incurred for a specific purpose, often used for tax deduction calculations.