The Largest Deficit Unit Is (Are)

question 83

Multiple Choice

The largest deficit unit is (are)

• A)households and businesses.
• B)foreign financial institutions.
• C)the U.S. Treasury.
• D)foreign nonfinancial sectors.

---

Definitions:

Modified AGI

Adjusted Gross Income with certain deductions added back in, used for determining eligibility for specific tax deductions and credits.

Single Taxpayers

Individuals who file their tax returns under the status of being unmarried without dependents.

Lifetime Learning Credit

A tax credit that helps pay for undergraduate, graduate, and professional degree courses, including courses to acquire or improve job skills.

Degree Program

A course of study at a college or university that leads to the attainment of a specific academic degree, such as a bachelor's or master's degree.