Tax Planning

question 63

Multiple Choice

Tax planning

• A) guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk.
• B) ignores the source of income and concentrates solely on the amount of income.
• C) is primarily done by individuals with incomes below $200,000.
• D) is limited to reviewing income for the current year and determining how to minimize current taxes.

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Definitions:

Exploded View

A diagram or illustration depicting the components of an assembly spaced apart to show their relationship or assembly sequence.

Assembled

The process or state of putting together various components to form a complete unit.

Isometric

Pertaining to a method of drawing where the height, width, and depth of objects are drawn proportionally for 3D representation on a 2D plane.

Auxiliary

Providing additional help or support; in technical drawing, an auxiliary view is used for presenting features that are inclined to the primary projection planes.