Match Each Term with the Correct Statement Below

Match each term with the correct statement below.
-The common, customary, recurring type of income earned by taxpayers.

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