If a Taxpayer Works at Two or More Jobs During

question 39

True/False

If a taxpayer works at two or more jobs during the same day, he or she may deduct the cost of transportation from one job to the other.

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Definitions:

Debit

In accounting, a debit is an entry that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.

Form 940

A tax form filed by employers to report annual Federal Unemployment Tax Act (FUTA) taxes.

Filed Annually

Describes documents, forms, or reports that are required to be submitted once every year.

Wage and Tax Statement

A document, often referred to as a W-2 form in the United States, that an employer provides to employees annually for tax filing purposes.