Match Each Statement with the Correct Term Below

question 107

Multiple Choice

Match each statement with the correct term below.
-Personal exemption amount

• A)Prepaid interest.
• B)An amount that each taxpayer who is neither a qualifying child nor a qualifying relative,and who files a return,is allowed to deduct.
• C)One test for a qualifying relative.
• D)The minimum amount a taxpayer can deduct for personal expenditures.
• E)A deduction in this category is always allowed.That is,there is no minimum allowable amount and generally no income limitation placed on these deductions.
• F)Generally,these deductions are for specifically allowed personal expenditures.
• G)An exception to this test is a custodial parent.
• H)Interest paid on debt used to buy securities.
• I)Interest paid on credit cards,personal loans,car loans,etc.
• J)Interest paid on a mortgage secured by the taxpayer's residence.The proceeds of the loan can be used for any purpose and the interest is still deductible.
• K)A tax designed to prevent the shifting of unearned income to children of the taxpayer.

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Definitions:

Humanistic Approach

A psychological perspective emphasizing individual potential and stressing the importance of growth and self-actualization.

Psychology

Psychology is the scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Cognitive

Relating to mental processes such as attention, memory, language processing, perception, problem solving, and thinking.

Neuroscience

the scientific study of the nervous system, including its structure, function, development, genetics, biochemistry, physiology, pharmacology, and pathology.