A U.S.firm That Outsources Jobs Would Be

question 134

Multiple Choice

A U.S.firm that outsources jobs would be

• A)Building a factory in Canada and hiring Canadian workers.
• B)Buying raw materials from a Chinese firm instead of a U.S.firm.
• C)Buying computers assembled in Mexico that used U.S.parts.
• D)All of the choices are correct.

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Definitions:

Support

In tax terms, support refers to the financial assistance provided for the maintenance of a person, often considered in dependency exemptions.

Life Insurance Premiums

The payments made to an insurance company in exchange for life insurance coverage, which can sometimes be tax-deductible.

Standard Deduction

A fixed amount that reduces the income subject to tax, available to taxpayers who do not itemize deductions.

Dependent

A person who relies on another, usually a family member, for financial support and qualifies for certain tax benefits.