Exemptions and Deductions Are Used

question 105

Multiple Choice

Exemptions and deductions are used

• A)to add to taxes that must be paid.
• B)by taxpayers to reduce the amount of income subject to tax.
• C)to determine the type of tax structure.
• D)to determine what items are subject to sales taxes.

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Definitions:

Stimulant

A substance that raises levels of physiological or nervous activity in the body, typically used to increase alertness, energy, or physical performance.

Tranquilizer

A drug used to reduce tension or anxiety, often by depressing nerve function.

Morphine

A potent opiate analgesic drug used to relieve severe pain, derived from the opium poppy.

Pain Killer

Medication or drugs used to relieve pain, also known as analgesics.