There Is an Employment Test,a Distance Test,and a Time Test

question 35

True/False

There is an employment test,a distance test,and a time test that must be met in order to deduct qualifying moving expenses.

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Definitions:

Countertrade

A method of trade where goods and services are exchanged for other goods and services instead of for money, often used in international transactions.

Civilian Procurement

The process by which governmental bodies or agencies purchase goods and services for non-military use from the private sector.

U.S. Firms

Companies or businesses that are headquartered, registered, or primarily operate in the United States.

Foreign Trade Zone

Designated areas within a country where goods can be imported, stored, processed, and re-exported with reduced customs duties.