The §179 Immediate Expensing Election Phases Out Based Upon a Taxpayer's

question 106

True/False

The §179 immediate expensing election phases out based upon a taxpayer's taxable income.

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Definitions:

Gasoline Tanker

A specialized vehicle or ship designed for the transportation of gasoline or other fuel products in bulk.

Speeding

The act of driving a vehicle over the legal or safe speed limit prescribed by law.

Igniting

The act of setting something on fire or causing it to burn.

Criminal Act

An action that violates the laws of a jurisdiction and is punishable by the state.