Each __________ Selects the Party's Leaders at the Start of a Two-Year

question 52

Multiple Choice

Each __________ selects the party's leaders at the start of a two-year Congress.

• A)member caucus
• B)party caucus
• C)standing committee
• D)party whip

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Definitions:

Straight-Line Method

A method of calculating the depreciation of an asset that evenly spreads out its cost over its useful life.

Entertainment Expenses

Costs for business-related entertainment that may be partially deductible under certain conditions.

Listed Property

Assets required to be reported for tax purposes because they have the potential for personal use, such as cars, computers, and real property.

Standard Mileage Rate

The IRS-set rate per mile that taxpayers can use to calculate deductions for business, charitable, medical, or moving purposes when using a vehicle.