Every Time You Make a __________, You Incur A(n)__________

question 44

Multiple Choice

Every time you make a __________, you incur a(n) __________.

• A)decision; efficient effect
• B)choice; opportunity cost
• C)competitive move; price
• D)decision; mistake

Examine the shift of the U.S. economy from manufacturing in the 1970s through the 1990s, including causes, affected groups, and the socio-economic impacts.

Describe the unique aspects of the 2000 presidential election and its historical significance.

Understand the origins and impacts of affirmative action in the United States.

Recognize the challenges and advancements of the gay and lesbian movement post-1960s.

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Definitions:

Separate Maintenance

Payments made under a court order by one spouse to another for support while still legally married but living apart.

Alimony

Payments made to a spouse or ex-spouse under a divorce or separation agreement, which may be tax-deductible for the payer and taxable income for the recipient.

Distance Test

Specifically related to moving expense deductions, it's the requirement that a new job location must be a certain minimum distance further from the taxpayer's old home than the old job location was.

Moving Expense Deductions

Tax deductions that were available for taxpayers to deduct certain expenses related to moving for a job, although largely suspended since 2018 for non-military taxpayers.