Please Define the Following Key Terms

question 62

Short Answer

Please define the following key terms.
-Francois Quesnay

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Definitions:

Congress

The legislative body of the United States federal government, consisting of two houses: the Senate and the House of Representatives.

Tax Credits

Amounts that can be subtracted directly from taxes owed to the government, reducing the total tax liability.

Additional Revenues

Income received by a business or organization that is supplementary to its primary revenue sources, often from non-core business activities.

Retirement Savings Contributions Credit

A tax credit available to lower-income individuals making contributions to retirement accounts, encouraging savings.