In 1865,the Secret Service Was Established To__________

question 18

Multiple Choice

In 1865,the Secret Service was established to__________.

• A) investigate willful tax evasion
• B) enforce the gun control act
• C) investigate fraud
• D) stop the flow of drugs at its source
• E) fight currency counterfeiters

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Definitions:

Taxable Income

The amount of income that is used to calculate an individual's or a company's income tax due. It is the gross income minus deductions and exemptions allowed by the tax code.

Adjusted Gross Income (AGI)

The total gross income minus specific deductions defined by the IRS, used to determine taxable income.

Qualifying Relative

A term used in tax law to describe someone who doesn’t have to live with the taxpayer all year but must meet certain financial support and income criteria to be claimed as a dependent.

Gross Income Test

A requirement for determining if someone can be claimed as a dependent, based on their income level.