One Advantage of Mobile Payment Systems Over Traditional Credit Card

question 105

Multiple Choice

One advantage of mobile payment systems over traditional credit card systems is the ability to handle ____________,or transactions involving relatively small sums of money.

• A)Mini-transfers
• B)Micro-credits
• C)Micropayments
• D)ATM

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Definitions:

Medical Expense Deduction

An itemized deduction for taxpayers who have incurred significant medical and dental expenses exceeding a certain percentage of their adjusted gross income.

Jacuzzi

A brand name often used generically to refer to any hot tub or whirlpool bath with underwater jets that massage the body.

Adjusted Gross Income

Adjusted Gross Income, or AGI, is an individual's total gross income minus specific deductions, used to determine taxable income on an income tax return.

Casualty Loss Deduction

A tax deduction allowed for losses from sudden, unexpected, or unusual events, such as natural disasters, fire, or theft, not compensated by insurance.