Which of the Following Is Not a Way of Reducing

question 105

Multiple Choice

Which of the following is not a way of reducing taxable income?

• A)Reducing deductions
• B)Deferring income
• C)Using tax-exempt income
• D)Investing in tax shelters

---

Definitions:

Lease Term

The duration for which a lease agreement is effective.

Quiet Enjoyment

A tenant's right to occupy and use premises without interference from the landlord or others with superior title.

Purchase Price

The amount of money that is paid or will be paid for the acquisition of a good, service, or asset.

Insurance Contracts

Legal agreements between an insurer and the insured, defining the claims which the insurer is legally required to pay.