This Tax Is a Major Financial Planning Factor for Most

question 16

Multiple Choice

This tax is a major financial planning factor for most people because it is sometimes imposed at the federal,state,and local levels.

• A) Estate tax
• B) Excise tax
• C) Income tax
• D) Real estate tax
• E) Sales tax

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Definitions:

Adjustment

The process of adapting or becoming accommodated to a new situation or environment.

Irrational Emotions

Feelings that do not have a logical or reasonable basis, often disproportionate to the situation at hand.

Cognitive-Behavioural Therapy

A therapy approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Behavioural Experiments

A technique in cognitive-behavioral therapy where patients test the reality of their beliefs through homework assignments.