Discounting Allows Comparisons of

question 71

Multiple Choice

Discounting allows comparisons of

• A)money values and physical values.
• B)interest payments on borrowed funds and interest payments on loaned funds.
• C)money values received at different times.
• D)the quantities of outputs produced by different types of capital goods.

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Definitions:

Remaining Tax

The portion of tax liability that remains unpaid after all payments and credits have been applied, effectively the balance due.

Multiple Support Agreement

An agreement that allows multiple taxpayers who support a dependent together to decide who among them gets to claim the tax benefits for that dependent.

Dependent

An individual, usually a child or spouse, who relies on another, often the taxpayer, for financial support and for whom exemptions may be claimed.

Support

Financial assistance provided for maintenance, which can include food, housing, clothing, education, and healthcare.