<span>#1) Which of the following is not true concerning Income Tax Refunds?
Answer: Out of all the options that are presented above the one that is not true concerning Tax Refunds is that It is advantageous to receive a large sum of money in the form of a refund so that you can use the money to pay down debt.
#2) When claiming dependents, they must meet the following criteria EXCEPT:
Answer: Out of all the options that are available the only one that is not a criteria that they must meet when claiming dependents is that the dependent must reside with you for the entire year.
#3) If you opt to put money in a medical flexible spending account rather than trying to amass enough medical expenses to itemize on your tax return, you are taking advantage of _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is an Exclusion.
#4)A form of taxation in which everyone pays an equal rate of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is Flat Tax.
#5) A form of taxation in which the highest income earner pays the largest percentage of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is a progressive tax.
#6) A form of taxation in which the lowest income earners pay the largest percentage of taxes is called a _____.
Answer: The form of taxation that the lowest income earners pay the largest percentage of taxes is called a regressive tax.
#7) Which of the following is not considered part of your gross income?
Answer: Out of all the options that are show the one that is not considered part of your gross income are bartered goods and services.
#8) Which of the following is not true about your adjusted gross income?
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Answer</span><span>: Out of all the options that are available the one that is not true about your adjusted gross income is that it is your income plus your deductions.
#9) Which of the following is true about standard deductions?
Answer: Out of all the options that are available the one that is true about standard deductions is that they are tax breaks that you can claim without having to itemize. They reduce your tax bill rather than your taxable income, although you have to itemize in order to take advantage of this.<span>
</span>#10) A dollar–for–dollar reduction in your tax payment is called a _____.
Answer: This is called credit.
P.s: I noted that almost all of the answers are selected with a <3. Almost all of them were the same.
I hope it helps, Regards.
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Answer:
Cognitive dissonance
Explanation:
Cognitive dissonance is a concept of social psychology and is described as the discomfort which is felt by a person who is having conflict in values and ideas. The people in this state feel guilt, embarrassment and anger. There is a motivational drive in humans to reduce the dissonance.
Leon Festinger developed theory of cognitive dissonance to predict and explain the peoples reaction to various situations. This theory states that people have prejudice to get agreement between what they expect and the reality.
Answer: April 2024
Explanation:
Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.
It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.
Answer:
C, a decrease in the real interest rate
Explanation:
When factors such as changes in expectation, technology, demands for goods and services, etc cause in shift in the demand curve for capital, interest rates act as the determinant of the capital demand.
If the interest rates of loans are high, capital demand will be reduced but in the event that interest rates are low, capital demand is high or increases.
Cheers
Answer:
correct option is d. two-thirds
Explanation:
given data
accumulated = $12.5 trillion
net worth = 14 percent
solution
here as per statistical data of 4th quarter in year 2015,
that required holding is two third of having home.
and Accumulated equity indicate the demand for housing in the country
so here 1 - 
= 
rd left out
it is assumed that they should get home at the beginning of 2015 (in the 1st quarter)
so correct option is d. two-thirds
