To Minimize Taxes Owed,you Should Do the Following If You

question 75

Multiple Choice

To minimize taxes owed,you should do the following if you expect to have a higher tax rate next year:

• A)accelerate the receipt of income into the current year.
• B)delay the receipt of income until next year.
• C)accelerate deductions into the current year.
• D)All of these
• E)None of these

---

Definitions:

New England

A region in the northeastern United States, known for its rich history, distinctive seasonal changes, and as the birthplace of many foundational events in American history.

Protestant Americans

Refers to citizens of the United States who adhere to Protestantism, a major group within Christianity, which originated with the Reformation in the 16th century.

Roman Catholics

Followers of the largest Christian church, led by the Pope, adhering to the Roman Catholic faith which is rooted in the teachings of Jesus and traditions of the church.

Loyal Americans

Individuals in the United States who show a strong allegiance and support for the values, constitution, and unity of the country.