Match Each Term with the Correct Statement Below

question 50

Multiple Choice

Match each term with the correct statement below.
-The common, customary, recurring type of income earned by taxpayers.

• A)Ad valorem tax
• B)Deduction
• C)Excise tax
• D)Exclusion
• E)Expense
• F)Gain
• G)Loss
• H)Ordinary income
• I)Pay-as-you-go concept
• J)Personal property
• K)Real property
• L)Self-assessment
• M)Standard deduction
• N)Statute of limitations
• O)Tax base
• P)Tax credit

---

Definitions:

Impaired Recall

A diminished ability to remember or retrieve previously learned information.

Nouns

Words used to identify any of a class of people, places, or things.

Comprehension

The ability to understand the meaning or significance of something, such as a word, sentence, or text.

Word Superiority Effect

The phenomenon in which people recognize letters more accurately when they are part of a word, compared to when they are seen in isolation or in a non-word.