The Basic Personal Amount Is

question 47

Multiple Choice

The basic personal amount is

• A)the standard deduction.
• B)a tax credit.
• C)an itemized deduction.
• D)an exclusion.
• E)an exemption.

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Definitions:

Pollution Permits

Licenses issued by governments that allow the holder to emit a certain amount of pollutants; used as a means to control environmental pollution.

Pollution Reduction

Initiatives or approaches focused on reducing the level of pollutants emitted into the surroundings.

Pollution Permits

Certificates that allow entities to emit a certain amount of pollutants; can be bought, sold, or traded in a regulatory market.

Marginal Benefits

The additional enjoyment or advantage obtained from using one more unit of a good or service.