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.

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Definitions:

Implicit Memory

Retention independent of conscious recollection. (Also called nondeclarative memory.)

Conscious Memory

The aspect of memory that involves the intentional recall of information and experiences that one can consciously declare or "know."

Retrieval Cues

Stimuli or signals that help in the recall of memories stored in long-term memory.

Iconic Memories

A type of visual memory that lasts very briefly, usually no more than a split second.