Flat Sawn Timber Is Characterised by

question 4

Multiple Choice

Flat sawn timber is characterised by

• A) The log being cut laterally
• B) Even wear when used in flooring
• C) Shrinkage having little effect
• D) A large amount of waste when converted
• E) The log being cut longitudinally

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Definitions:

Moving Expenses

Costs incurred for relocating for a new job or business location that were once deductible under certain conditions, but are now limited following recent tax law changes.

Old Residence

Refers generally to a taxpayer's previous home or dwelling before moving to a new location.

Distributions

Payments made from a business, trust, or investment fund to its owners or investors, usually in the form of cash or stock.

Qualified Medical Expenses

Out-of-pocket medical costs that are deductible for tax purposes, assuming they exceed a certain percentage of the taxpayer's AGI.