Match Each Statement with the Correct Term Below

question 76

Multiple Choice

Match each statement with the correct term below.
-Non-deductible expense

• A)Automobile used 75% for business.
• B)Investment interest expense on loan to acquire municipal bonds.
• C)Cost of investigating a new trade or business that the taxpayer enters.
• D)Can be separated into two classifications.
• E)Expenses related to royalty income
• F)Expenditure to influence legislation.
• G)Cost of a new roof for office building.
• H)Relates to an income producing activity mainly carried on for recreation or personal enjoyment.
• I)Deductibility depends on income and amount of personal and rental use.
• J)Deductibility depends on whether the area is used exclusively for trade or business activities.

---

Definitions:

Healthier

Pertains to a state or condition of improved physical, mental, or emotional well-being.

Positive Psychology

A branch of psychology that focuses on the study of positive human functioning and flourishing on multiple levels, including the biological, personal, relational, institutional, cultural, and global dimensions of life.

American Psychological Association

The American Psychological Association is a professional organization representing psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health and human welfare.

Learned Helplessness

The situation in which someone feels powerless, due to experiencing a traumatic incident or repeated failures to accomplish goals.