Tied Aid Given on a Bilateral Basis Must

question 62

Multiple Choice

Tied aid given on a bilateral basis must

• A)Be given in the form of a grant.
• B)Be dependent on the performance of the aid organisation in the receiving country.
• C)Be spent on children's aid charities
• D)Be spent on goods or services of the country giving the aid.
• E)A and C

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Definitions:

AGI

Adjusted Gross Income (AGI) is an individual's total gross income minus specific deductions, used in calculating taxable income.

Adoption Credit

A tax credit that offsets qualified adoption expenses, making adoption financially more accessible for families.

Qualified Expenses

Expenditures that may be eligible for tax deductions or credits, often related to education, healthcare, or investments.

Child and Dependent Care Credit

A tax credit offered to taxpayers to offset some of the costs of care for a qualifying dependent or child, to allow the taxpayer to work or look for work.