Match Each Term with the Correct Statement Below

Match each term with the correct statement below.
-The excess of the selling price of an asset over its tax basis.

A) Ad valorem tax
B) Deduction
C) Excise tax
D) Exclusion
E) Expense
F) Gain
G) Loss
H) Ordinary income
I) Pay-as-you-go concept
J) Personal property
K) Real property
L) Self-assessment
M) Standard deduction
N) Statute of limitations
O) Tax base
P) Tax credit