The Costs That Should Be Included in an Outsourcing Decision

question 57

Multiple Choice

The costs that should be included in an outsourcing decision are the

• A)fixed costs.
• B)nonrecurring costs.
• C)sunk costs.
• D)relevant costs.

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Definitions:

Child Tax Credit

A tax credit offered by the government which reduces tax liability for taxpayers with dependent children.

AGI

The Adjusted Gross Income is a figure obtained from your gross earnings, serving the purpose of determining the taxable part of your income.

Single

A filing status for individuals not married, divorced, or legally separated, affecting the tax rates and deductions they qualify for.

Child Tax Credit

A tax credit available to taxpayers for each qualifying dependent child, aimed at reducing the taxpayer's liability on a dollar-for-dollar basis.