Deductions Are Expenditures That Can Be Subtracted in Calculating Taxable

question 154

Multiple Choice

Deductions are expenditures that can be subtracted in calculating taxable income. Which of the following is a deduction?

• A)Dependency exemption
• B)Credit card interest
• C)Interest on municipal bonds
• D)Donations to charities

---

Definitions:

Intellectual Functioning

Refers to cognitive capabilities, including reasoning, problem-solving, planning, and abstract thinking.

Severe Discrepancy

A significant gap often referred to in education and psychology, which indicates a substantial difference between expected performance, based on age or grade, and actual performance, often used in diagnosing learning disabilities.

Intellectual Functioning

The general capacity of an individual to reason, plan, solve problems, think abstractly, comprehend complex ideas, learn quickly, and learn from experience.

Academic Achievement

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.