____________ Are Expenses That a Taxpayer Is Allowed to Deduct

question 63

Multiple Choice

____________ are expenses that a taxpayer is allowed to deduct from total income.

• A)Exemptions
• B)Exclusions
• C)Deductions
• D)Tax credits
• E)Passive income

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Definitions:

Higher-Order Needs

Refers to the advanced levels of needs in Maslow's hierarchy, including esteem and self-actualization needs, beyond basic physiological and safety requirements.

Esteem

A psychological term describing a positive or negative attitude toward oneself; an aspect of self-respect or self-worth.

Persistence of Effort

The continual exertion of effort towards achieving a goal, despite obstacles or difficulties.

Motivation

The driving force behind individuals' actions, desires, and needs, influencing their behavior and goal achievement.