All AP Macroeconomics Resources
Example Questions
Example Question #1 : Tax Policy
A tax credit describes an element of tax policy that ________.
Possible Answers:
allows for an additional tax on specific kinds of income, such as gambling
only allows exemptions for people making under a certain income level per year
raises money on investment income
reduces taxes for people who qualify under certain circumstances
allows for an additional tax on goods deemed unseemly
Correct answer:
reduces taxes for people who qualify under certain circumstances
Explanation:
Tax law includes small exemptions and refunds, which are known as tax credits. Often, these tax credits are provided for groups of people like homebuyers, parents, and students. Tax credits are also usually seen as a way to lighten specific tax burdens without rewriting or transforming tax policy.
Shifrah
Certified Tutor
Certified Tutor
University of Maryland-Baltimore County, Bachelor of Science, Biology, General. Massachusetts College of Pharmacy and Health ...
All AP Macroeconomics Resources
Popular Subjects
Physics Tutors in Chicago, Physics Tutors in Los Angeles, Algebra Tutors in Miami, ISEE Tutors in Los Angeles, Reading Tutors in Phoenix, SSAT Tutors in Los Angeles, GRE Tutors in Philadelphia, Biology Tutors in Miami, Computer Science Tutors in Denver, GRE Tutors in San Diego
Popular Courses & Classes
GRE Courses & Classes in San Diego, GMAT Courses & Classes in San Diego, SAT Courses & Classes in New York City, MCAT Courses & Classes in Seattle, ISEE Courses & Classes in San Diego, ISEE Courses & Classes in San Francisco-Bay Area, SAT Courses & Classes in Dallas Fort Worth, Spanish Courses & Classes in Seattle, GRE Courses & Classes in Dallas Fort Worth, SSAT Courses & Classes in Denver
Popular Test Prep
GMAT Test Prep in Boston, GMAT Test Prep in Houston, GRE Test Prep in Denver, SSAT Test Prep in Atlanta, LSAT Test Prep in Boston, SSAT Test Prep in San Francisco-Bay Area, SSAT Test Prep in New York City, GRE Test Prep in Houston, MCAT Test Prep in Seattle, ACT Test Prep in Houston