AIO Statements Represent a Popular Psychographic Method in Consumer Research

question 57

True/False

AIO statements represent a popular psychographic method in consumer research that divides consumers into groups based on resources and consumer behaviour motivations.

---

Definitions:

Child Tax Credit

A credit aimed at helping families offset some of the costs of raising children by reducing their tax liability.

AGI

Adjusted Gross Income, calculated as gross income minus specific adjustments, used to determine tax liability and eligibility for certain tax benefits.

Adoption Credit

A tax credit offered to adoptive parents to offset the costs of adoption, available under the U.S. tax code.

Modified AGI

Adjusted Gross Income with certain adjustments added back in, used for determining eligibility for certain tax deductions and credits.