Which of the Following Are Legal Methods of Reducing Your

question 26

Multiple Choice

Which of the following are legal methods of reducing your current tax liability?

• A)not reporting taxable income you receive
• B)investing in a tax deferred annuity
• C)shifting income to your children
• D)writing off deductions above the actual amount(s) spent
• E)b and c

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Definitions:

Human Intelligence

Human intelligence is the cognitive capability to learn, understand, apply knowledge, solve problems, and adapt to new situations.

Brain Size

The physical measurement of the brain's volume or weight, often studied in relation to body size, intelligence, and evolutionary adaptations.

Eminent Men

refers to individuals who have gained significant recognition and high standing in their particular fields or societies.

Inherited

Describes traits or characteristics that are passed down from one generation to the next through genes.