Property That the Original Owner Has Permanently Discarded Is Classified

question 60

Multiple Choice

Property that the original owner has permanently discarded is classified as ________ property.

• A)Discarded
• B)Tossed
• C)Terminated
• D)Mislaid
• E)Abandoned

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Definitions:

Taxable Income

The amount of an individual's or organization's income used to determine how much tax is owed to the government, after deductions and exemptions.

Untaxed Income

Revenue that is not subject to taxation, either due to the nature of the income, exemption status, or evasion.

Assets

Resources or items of value owned by an individual or organization that have economic value or can provide future benefits.

Taiwanese Researchers

Scientists or academicians from Taiwan who conduct systematic investigations to establish facts or principles in various fields.