In a Study of the Relationship Between Level of Education

question 28

Multiple Choice

In a study of the relationship between level of education and support for immigration reform, a person's race or ethnicity is an __________ variable and their occupational status is an __________ variable.

• A) antecedent; antecedent
• B) antecedent; intervening
• C) intervening; antecedent
• D) intervening; intervening

Recognize various forms of tax assistance and fraud threats.

Understand the changes in tax laws and their effects on taxpayers.

Distinguish between tax-exempt and tax-deferred income.

Know the taxation aspects of personal and business income, including deductions and allowable contributions.

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Definitions:

Foreign Tax Credit

An irreversible tax credit for income taxes remitted to a foreign country because of withholdings on foreign income tax.

Taxable Income

Income that is subject to taxation, after all allowed deductions and exemptions are subtracted from gross income.

U.S. Tax Liability

The total amount of tax owed to the federal government by an individual or entity.

Foreign Income Taxes

Taxes paid to a foreign government on income earned from sources within that foreign country.