Secondary Memory Provides Fast Access at Relatively High Cost

question 15

True/False

Secondary memory provides fast access at relatively high cost.

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Definitions:

Distance Test

Specifically related to moving expense deductions, it's the requirement that a new job location must be a certain minimum distance further from the taxpayer's old home than the old job location was.

Moving Expense Deductions

Tax deductions that were available for taxpayers to deduct certain expenses related to moving for a job, although largely suspended since 2018 for non-military taxpayers.

HSA

Health Savings Account; a savings account that allows individuals to set aside money pre-tax for medical expenses.

Form 8889

The tax form used for reporting contributions, distributions, and taxes related to Health Savings Accounts (HSAs).