After ________, you are left with taxable income.
A. paying income taxes
B. deducting all of your yearly expenses from the income you received
C. adding all deductions and exemptions to total income
D. subtracting all deductions and exemptions from total income
Answer: D
Economics
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Suppose the government runs a budget surplus in a given year. It can reduce its overall federal debt by
A) not buying anything on credit. B) forcing a change in net exports. C) increasing taxes on luxury items. D) buying back bonds it sold to the public.
Economics
When money serves as a store of value, it allows you to
A) transfer wealth into the future. B) eliminate a double coincidence of wants. C) be an effective negotiator. D) find good bargains.
Economics