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The Interface carpet salesperson knew the motel chain buyer would be skeptical that carpet made from corn could be as soft and pliable as carpet made from nylon, so he brings both types of carpet tile to the sale and lets the buyer examine them closely. What was the carpet salesperson doing when he invited to buyer to look at the carpet tile before actually beginning his sales presentation?
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.
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