Examlex
Select the phrase that correctly completes the following statement."A positive change in technology caused an increase in the supply of flat-screen televisions.As a result ________."
Sales Taxes
Taxes levied by governments on the sale of goods and services, which are typically paid by the consumer at the point of purchase.
Schedule A
A form used with the U.S. federal tax return (Form 1040) to itemize deductions, including medical expenses, state and local taxes, and charitable donations.
Itemized Deduction
Itemized deductions are specific expenses allowed by the IRS that can decrease an individual's taxable income.
Qualified Charitable Organization
An IRS-recognized nonprofit organization eligible to receive tax-deductible contributions from donors.
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