The SAFE Act (Savings, Accountability, and Full Enforcement Act) of California

question 33

True/False

The SAFE Act (Savings, Accountability, and Full Enforcement Act) of California (2012) highlighted the fiscal concerns of legalizing marijuana.

---

Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Medical Expenses

Amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, or amounts paid for treatments affecting any part or function of the body.

Itemized Deductions

Deductions from taxable income that are individually listed on a tax return, allowing taxpayers to reduce their taxable income by specific allowable expenses.

AMT

Alternative Minimum Tax, a parallel tax system in the United States designed to ensure that individuals and corporations pay a minimum level of income tax.