Question: Match the terms relating to the basic terminology and concepts of personal finance on the left with the descriptions of the terms on the right.
Match the terms relating to the basic terminology and concepts of personal finance on the left with the descriptions of the terms on the right. Read
each description carefully and type the letter of the description in the Answer column next to the correct term. Note: These are not necessarily
complete definitions, but there is only one possible answer for each term.
Description
A This term includes income from selfemployment.
B This term refers to passive income offset.
C This term includes wages, salaries, bonusescommissions and
interestdividendsalimony
D This item is taxed at different lates depending on the holding period.
E This term includes income gained from real estate and limited partnerships.
F Investment income is offset with this related expense.
G This term refers to gross income less adjustments, deductions, and exemptions.
H Income from savings accounts, stocks, bonds, mutual funds, options, and futures
are included in this term.
I. Using taxable income, it is based on tax tables or tax rate schedules.
J During this transaction, you can exclude the first $ $ for married
taxpayers of gain on sale.
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