To Minimize Taxes Owed,you Should Do the Following If You

question 2

Multiple Choice

To minimize taxes owed,you should do the following if you expect to have a higher tax rate next year:

• A)Accelerate the receipt of income into the current year.
• B)Delay the receipt of income until next year.
• C)Accelerate deductions into the current year.
• D)Get a loan for the additional taxes
• E)Quit work at the end of the current year

---

Definitions:

Type A Personality

describes individuals who are highly competitive, self-driven, ambitious, and often experiencing a high level of stress.

Dopamine Neurons

Brain cells that produce and release dopamine, a neurotransmitter involved in movement, motivation, and reward.

Nicotine

A stimulant and addictive substance found naturally in tobacco.

Addiction

A psychological and physical inability to stop consuming a substance or doing an activity despite it causing psychological and physical harm.