Match Each Term with the Correct Statement Below

question 58

Multiple Choice

Match each term with the correct statement below.
-Any asset that is not real estate.

• 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

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Definitions:

Elder Neglect

Occurs when a person fails to provide an older person with the necessities of life, such as food, clothing, shelter, medical attention, personal care, and required supervision.

Sexual Elder Abuse

Occurs when an older adult is forced to engage in sexual activity; this may include verbal suggestive behaviour, sexual touching, sex without consent, or not respecting a person’s privacy.

Systemic Ageism

Behaviour, policies, or practices that discriminate based on age; can be intentional or unintentional.

Cultural Greywashing

Refers to the marginalization and overgeneralizations made about older adults that result in extreme stereotyping.