The System of Shared Powers, Divided Between a Central Government

question 18

Multiple Choice

The system of shared powers, divided between a central government and the states, is called ________.

• A) the electoral college
• B) federalism
• C) statism
• D) checks and balances
• E) the separation of powers

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Definitions:

Moving Expenses

are costs associated with relocating for work which, under certain circumstances, may be deducted from taxable income.

Deductibility

The ability of a particular expense to be subtracted from gross income, thereby reducing taxable income.

For AGI Deduction

Deductions that are subtracted from gross income to arrive at adjusted gross income, potentially lowering taxable income.

Health Insurance Premiums

The amount paid periodically to a health insurer for coverage of medical expenses.