Tracy Wants to Be a Great Public Speaker

question 54

Multiple Choice

Tracy wants to be a great public speaker. However, he is not making much progress toward this goal. Tracy knows what he needs to read and watch in order to learn how to be a great speaker, and is willing to work toward this goal over a period of years, but is not willing each day to watch good speakers on YouTube, practice writing his own speeches, and give frequent practice talks. According to this scenario, what element of motivation is Tracy missing?

• A) energy
• B) direction
• C) maintenance
• D) leadership

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Definitions:

Taxpayer's Principal Residence

The primary dwelling a taxpayer lives in for a major portion of the year, which can qualify for certain tax benefits like the mortgage interest deduction.

Standard Business Mileage

The set rate per mile the IRS allows for deduction when an individual uses their personal vehicle for business purposes.

Automobiles

Self-propelled vehicles designed for transport on public roads, commonly referred to as cars.

Cents Per Mile

An IRS-allowed method of calculating deductions for business vehicle expenses based on miles driven.