List and Describe Three Benefits Offered by IP Telephony

question 21

Essay

List and describe three benefits offered by IP telephony.

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Definitions:

Personal Interest Expense

Interest on personal loans, credit cards, etc., that, unlike mortgage or investment interest, is not deductible on federal taxes.

Itemized Deduction

Expenses allowed by the IRS that can be subtracted from AGI to reduce taxable income, as opposed to taking a standard deduction.

Credit Cards

Financial instruments issued by banks allowing users to borrow funds to pay for goods and services with the agreement to repay the bank at a later date.

Medical Expense

Expenditures associated with the identification, cure, alleviation, management, or prevention of diseases, along with treatments that influence any aspect or functionality of the body.