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Maslow's Theory of a Hierarchy of Needs

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Maslow's theory of a hierarchy of needs

Understand the treatment of casualty and theft loss deductions under tax law.
Recognize the conditions under which sales taxes and personal property taxes are deductible.
Identify the requirements for deducting charitable contributions.
Understand the implications of foreign taxes paid for deductions or credits.

Definitions:

Sole Legal Custody

A legal arrangement where only one parent has the right to make major decisions regarding the child’s welfare, education, and health.

Joint Physical Custody

A legal arrangement where children live and spend significant time with both parents after separation or divorce.

Stepparents

Individuals who are married to a biological parent of a child and may take on parental responsibilities without being the child’s biological parent.

Nuclear Families

A family group consisting of two parents and their children (biological or adopted), considered a basic social unit.

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