It Is a Good Practice to Review Your Credit Card

question 93

Multiple Choice

It is a good practice to review your credit card statement online as often as daily or weekly in order to

• A) make sure there are no fraudulent charges.
• B) make sure there are no duplicate or erroneous charges from merchants.
• C) monitor your spending patterns.
• D) A, B and C are all correct.

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Definitions:

Deduction

An amount that is subtracted from an individual's gross income, decreasing the amount of taxable income.

AGI Deduction

Deductions from gross income that occur before calculating the taxable income, specifically affecting the adjusted gross income on a tax return.

Health Insurance

A type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Self-Employed

This term describes individuals who work for themselves, either by running their own business or as independent contractors, rather than being employed by someone else.