What are tax deductions?

What will be an ideal response?


An amount by which the taxpayer can reduce their taxable income — a portion of income that is not subject to taxation.

Business

You might also like to view...

Answer the following statements true (T) or false (F)

1. Decentralized control is most appropriate for an organization in which the tasks are explicit and certain.  2. Except for in rare instances, employees at McLaren Professional Painting take responsibility for their own work and how it is done, rather than being governed by a rigid set of rules. McLaren is using bureaucratic control.  3. The balanced scorecard, also known as the triple bottom line, gives top managers a fast but comprehensive view of the organization via three indicators.  4. Social responsibility and ethics make up one of the four indicators used in the balanced scorecard. 

Business

Describing “home” as a place of warmth and safety would be the ______ meaning.

a. connotative b. literal c. denotative d. subjective

Business

Describe the levels of the concept of a product

What will be an ideal response?

Business

Simulation models may contain both deterministic and probabilistic variables

Indicate whether the statement is true or false

Business