Instructions: Identify the Following

question 69

Short Answer

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
League of Armed Neutrality

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Definitions:

Religious Artwork

Artistic works that express or explore religious themes, subjects, or concepts.

Personal Interest Expense

Interest on personal loans, credit cards, etc., that, unlike mortgage or investment interest, is not deductible on federal taxes.

Itemized Deduction

Expenses allowed by the IRS that can be subtracted from AGI to reduce taxable income, as opposed to taking a standard deduction.

Credit Cards

Financial instruments issued by banks allowing users to borrow funds to pay for goods and services with the agreement to repay the bank at a later date.