Match Each Term with the Correct Statement Below

question 31

Multiple Choice

Match each term with the correct statement below.
-Subtractions from gross income specifically allowed by the tax law.

• 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:

Mobile Device Email

The use of email services and applications on mobile devices, allowing users to send, receive, and manage their emails while on the go.

SMTP

Simple Mail Transfer Protocol, an Internet standard for the transmission of electronic mail (email) across IP networks.

FTP

FTP, or File Transfer Protocol, is a standard network protocol used for the transfer of computer files between a client and server on a computer network.

Mobile Technology

This term encompasses the range of technologies used in mobile devices like smartphones and tablets, including software, hardware, and networking capabilities.