Changes in the Federal Tax Structure Have a Significant Effect

question 4

True/False

Changes in the federal tax structure have a significant effect on state income tax collections because most states base their tax structure on the federal tax structure.

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Definitions:

Recreation

Activities done for enjoyment, leisure, or pleasure when one is not working.

Necessities

Basic needs or essential items required for living and maintaining a decent quality of life, such as food, water, shelter, and clothing.

Norms

Rules or guidelines regarding what kinds of behavior are acceptable and appropriate within a particular culture; these typically emanate from the group’s values.

Values

Ideas about what is right or wrong, good or bad, desirable or worthy in a particular group; they express what the group cherishes and honors.