Why Should the Tax Laws to Encourage Saving Remain as They

question 38

Multiple Choice

Why should the tax laws to encourage saving remain as they are?

• A)because a decrease in taxes would benefit the wealthy
• B)because tax rates on savings are relatively low
• C)because people would probably save more than if taxes were lowered
• D)because tax cuts might cause a budget deficit

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Definitions:

Flexibility

The ability to adapt or adjust to new conditions, changes, or environments.

Extrinsic Rewards

Motivators external to the job itself, such as salary, benefits, and recognition, that influence an individual’s performance.

Valence Rewards

The perceived desirability of an outcome, motivating individuals to act in a certain way.

Employee-Of-The-Month

A recognition program in which an employee is honored for outstanding performance, contribution, or attitude over a specified period.