The Change in Wealth During a Period Equals

question 91

Multiple Choice

The change in wealth during a period equals:

• A)saving + capital gains - capital losses.
• B)saving - capital gains + capital losses.
• C)saving - investment + capital gains - capital losses.
• D)public saving + private saving - transfers.

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Definitions:

State Income Tax Refund

State income tax refund is the money returned to a taxpayer from the state government if they overpaid their state income taxes.

1099-G

A tax form used in the United States to report certain government payments, like state tax refunds.

Taxpayer

An individual or entity that is obligated to pay taxes to a federal, state, or municipal government.

Dependent Care Assistance Plan

A benefit plan that allows employees to use pre-tax earnings to pay for qualified dependent care expenses, such as child care.