Which of the Following Statements Regarding Tax Credits Is True

question 98

Multiple Choice

Which of the following statements regarding tax credits is true?

• A)Tax credits reduce taxable income dollar for dollar.
• B)Tax credits provide a greater tax benefit the greater the taxpayer's marginal tax rate.
• C)Tax credits reduce taxes payable dollar for dollar.
• D)None of these statements is true.

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Definitions:

Humanistic Psychologists

Psychologists who focus on an individual's potential for growth and emphasize personal freedom, self-awareness, and self-fulfillment.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology proposed to explain human motivation.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the actualizing tendency.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud focusing on unconscious processes and childhood experiences.