The Various Forms of Theft, Robbery, Hijacking, Embezzlement, and Shoplifting

question 31

Multiple Choice

The various forms of theft, robbery, hijacking, embezzlement, and shoplifting are types of:

• A) larceny.
• B) burglary.
• C) plundering.
• D) plotting.

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Definitions:

Moving Expenses

Costs incurred for relocating for a new job or business location that were once deductible under certain conditions, but are now limited following recent tax law changes.

Old Residence

Refers generally to a taxpayer's previous home or dwelling before moving to a new location.

Distributions

Payments made from a business, trust, or investment fund to its owners or investors, usually in the form of cash or stock.

Qualified Medical Expenses

Out-of-pocket medical costs that are deductible for tax purposes, assuming they exceed a certain percentage of the taxpayer's AGI.