Match Each Statement with the Correct Term Below

question 70

Multiple Choice

Match each statement with the correct term below.
-Tax home

• A)Not deductible.
• B)Short-term capital loss.
• C)Limited to $25 per person.
• D)Deductible as an ordinary loss
• E)Only 50% of the cost is deductible.
• F)Must be away from tax home overnight to be deductible.
• G)General area where a taxpayer conducts principal activity.
• H)Certain deductions are disallowed if taxpayer fails to comply.

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Definitions:

Equator

The Equator is an imaginary line around the Earth's surface located equidistant from the North and South Poles, dividing the Earth into the Northern and Southern Hemispheres.

Latitude

A geographic coordinate that specifies the north-south position of a point on the Earth's surface.

Permafrost

Of arctic tundra, a perpetually frozen layer of soil that prevents water from draining.

Biome

A region (often discontinuous) characterized by its climate and dominant vegetation.