Michael Closed on His New Home December 31,2016 Instead of January

question 13

Multiple Choice

Michael closed on his new home December 31,2016 instead of January 1,2017.As a result,Michael:

• A)accelerated tax deductions in 2016.
• B)accelerated tax deductions in 2017.
• C)increased his adjusted gross income in 2016.
• D)decreased his adjusted gross income in 2017.
• E)decreased tax exemptions in 2016.

---

Definitions:

Mindfulness

The practice of being fully present and engaged in the moment, aware of one's thoughts and feelings without distraction or judgment.

Humanistic-Existential

A psychological approach that emphasizes individual experience and the inherent desire for self-improvement and understanding, blending principles of humanism and existentialism.

Social Upheaval

Significant, often sudden changes within a society that disrupt its structure or norms, potentially leading to conflict or transformation.

Existential Therapies

A group of psychotherapeutic approaches that focus on individual freedom, choice, and responsibility, emphasizing the search for meaning and dealing with existential crises.