Match Each Term with the Correct Statement Below

question 90

Multiple Choice

Match each term with the correct statement below.
-Used by persons who do not itemize deductions on their return.

• 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:

Positive Habit

A beneficial routine or behavior that is regularly practiced, leading to improved mental or physical health.

Behavior Change

The process of modifying actions, habits, or attitudes in order to achieve specific goals or follow new patterns.

Habitat For Humanity

A nonprofit organization that helps families build and improve places to call home, believing that affordable housing plays a crucial role in strong and stable communities.

Spiritual Health

A dimension of health that relates to a sense of purpose and meaning in life, often connected to faith, belief, and personal values.