____________________ Refers to the Conventional Standards of Right and Wrong

question 14

Short Answer

____________________ refers to the conventional standards of right and wrong that prescribe what people should do.

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Definitions:

Credit Limitation

Restrictions on the amount of credit that can be claimed on a tax return, often imposed to prevent excessive or inappropriate tax benefits.

Adoption Credits

Tax credits provided to individuals who have incurred expenses related to the legal adoption of a child.

Form 8839

A tax form used by U.S. taxpayers to claim qualified adoption expenses, including attorney fees, court costs, and traveling expenses directly related to the legal adoption of a child.

Foreign Tax Credit

A tax credit that offsets the double taxation of income earned abroad, allowing taxpayers to credit foreign taxes paid against their U.S. tax liability.