You Are Buying a Large Amount of Merchandise Through the Mail

question 16

Multiple Choice

You are buying a large amount of merchandise through the mail from a dealer several hundred miles from you with whom you have never dealt before. The dealer will probably require that you pay him with:

• A)a certified check.
• B)a credit card.
• C)overdraft protection.
• D)cash.
• E)traveler's checks.

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Definitions:

Royalty Income

Income earned from the right to use intellectual property or natural resources.

Schedule/Form

Documents filed with or attached to a tax return, providing additional information, calculations, or reports to the IRS.

Published

Made available to the public through print or electronic media.

Business Revenue

The total amount of income generated by a company from its activities, such as sales of products or services, before any expenses are subtracted.