By 2020, the 15 to 24 Age Group in the Arab

question 105

Multiple Choice

By 2020, the 15 to 24 age group in the Arab world is projected to increase to around ________.

• A) 58 million
• B) 118 million
• C) 138 million
• D) 78 million

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Definitions:

IRA

Individual Retirement Account, a saving tool for individuals to allocate funds for retirement with tax advantages.

American Opportunity Tax Credit

A rebate on legitimate educational expenditures for a qualifying student throughout the first four years of their university or college education.

Qualified Expenses

Expenses eligible for tax deduction or credit, typically in the context of education, healthcare, or investments.

AGI Limitation

A constraint or cap based on an individual's adjusted gross income (AGI) which affects eligibility for certain tax deductions, credits, or contributions.