A ________ Is a Direct Reduction of Taxes Whereas a ________

question 44

Multiple Choice

A ________ is a direct reduction of taxes whereas a ________ reduces the taxable income before taxes.

• A) foreign tax credit; domestic tax credit
• B) tax deduction; tax credit
• C) tax credit; tax deduction
• D) none of the above

---

Definitions:

1960s

A decade marked by significant cultural, political, and social changes worldwide, including the civil rights movement, the Vietnam War, and the counterculture revolution.

Post-Cold War

The period following the end of the Cold War, marked by significant geopolitical shifts, the dissolution of the Soviet Union, and changes in global power dynamics.

International Crisis

A situation of global scale where political, military, economic, or social problems threaten the stability of one or more nations.

Gulf War

Military action in 1991 in which an international coalition led by the United States drove Iraq from Kuwait, which it had occupied the previous year.