A allowable amount which taxpayers can claim for themselves and dependents is called a(n)

A) allowance.
B) deduction.
C) exemption.
D) exclusion.

Answer: C

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A house sold for $34,500, which was 9% more than the cost of the house. The cost of the house was most nearly:

A: $31,310; B: $31,650; C: $31,150; D: $32,725.

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Alec is an American working for a software company in Texas. He has been assigned to work on a project in China for a year. He would be considered as a(n) ________ in China

A) domicile resident B) expatriate C) host-country national D) third-country national

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