Which Item Was the Largest Tax Expenditure of the Federal

question 40

Multiple Choice

Which item was the largest tax expenditure of the federal government in 2014?

• A) exclusion of pension contributions and earnings,including 401(k)plans
• B) deductibility of state and local taxes
• C) exclusion of employer contributions for medical insurance from taxable income
• D) deductibility of home mortgage interest

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Definitions:

Fat Accumulation

The process of storing excess fats in the body, often leading to conditions such as obesity or other health risks.

Metabolism

The chemical processes that occur within a living organism in order to maintain life, including the conversion of food to energy.

Testosterone Levels

The amount of the male sex hormone present in a body, which plays a key role in male reproductive tissues and the development of secondary sexual characteristics.

Biological Inevitability

The concept that certain biological outcomes are predetermined by genetic or physiological factors, unavoidable by personal or environmental influence.