Which Classification of Fire Involves Combustible Materials Such as Magnesium

question 29

Multiple Choice

Which classification of fire involves combustible materials such as magnesium, sodium and potassium (exotic metal fires) ?

• A)Class A
• B)Class B
• C)Class C
• D)Class D

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§179 Expense Deduction

The §179 expense deduction allows businesses to deduct the full purchase price of qualifying equipment or software purchased or financed during the tax year, subject to certain limits.

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Income derived from active participation in a business or wage-earning employment.

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An amount that can be subtracted from an individual's gross income or insurance claim, reducing the taxable income or payable sum.