In Choosing Between the Actual Expense Method and the Automatic

question 13

True/False

In choosing between the actual expense method and the automatic mileage method, a taxpayer should consider the cost of insurance on the automobile.

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Definitions:

CFCs

Chlorofluorocarbons, a group of chemical compounds used in some aerosols, refrigerants, and foam blowing agents that can deplete the ozone layer.

Coolants

Substances used to reduce or maintain the temperature of systems or components, often in mechanical and electrical devices.

Sterilants

Chemical or physical agents used to destroy or eliminate all forms of microbial life, including spores.

Biodegradable

Capable of being decomposed by bacteria or other living organisms, thus avoiding pollution.