A Taxpayer May Use Either the Actual Cost Method or the Standard

question 87

True/False

A taxpayer may use either the actual cost method or the standard mileage rate for deducting auto expenses.

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Definitions:

Extinct

Describes a species that no longer exists on Earth, having no living members.

Naturalist

A scientist who studies organisms in their natural habitats, observing and documenting the interactions of plants and animals with their environment.

Homologous Structures

Body structures that are similar in different lineages because they evolved in a common ancestor.

Ancestry

The lineage or heritage of an individual or group, traced through generations.