Which Statement Is Correct

question 27

Multiple Choice

Which statement is correct?

• A)Tax credits reduce tax liability on a dollar-for-dollar basis.
• B)Tax deductions reduce tax liability on a dollar-for-dollar basis.
• C)The benefit of a tax credit depends on the taxpayer's marginal tax rate.
• D)Tax deductions are less valuable for high-income taxpayers than for low-income taxpayers.

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Definitions:

Hormones

Chemical substances, released from endocrine glands, that travel through the bloodstream to targeted tissues; the tissues are later influenced by the hormones.

Gonads

Sex glands responsible for producing gametes (sperm in males and eggs in females) and sex hormones.

Secondary Sex Characteristics

Physical changes during puberty that are not directly related to reproduction but that indicate the differences between the sexes.

Endocrine System

A communication system that uses hormones to influence mental activity and behavior.