Many Taxpayers with High Incomes and High Amounts of Deductions

question 65

Multiple Choice

Many taxpayers with high incomes and high amounts of deductions must pay an additional tax referred to as the ________________ tax.

• A) deferred
• B) bonus
• C) excess
• D) capital gains
• E) alternative minimum

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Definitions:

Higher Sense

A profound or enhanced understanding or perception of situations, concepts, or sensory experiences.

Myelin

A fatty white substance that surrounds the axon of some nerve cells, forming an insulating layer that is essential for the proper functioning of the nervous system.

Fatty White Tissue

A type of body fat, also known as white adipose tissue, which stores energy and secretes hormones.

Deliberate Practice

The act of repetitively practicing a skill with the explicit goal of improving performance, incorporating immediate feedback and focusing on technique.