BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 19

Earned income
Passive income
Total exclusions
Question 7.7. (TCO 2) When filing your taxes, a set amount on which
no taxes are paid is called _____.
itemized deductions
withholding

an earned tax credit

the standard deduction
capital gains
Question 8.8. (TCO 2) Taxes owed can be reduced through _____.
the standard deduction

a tax credit
an itemized deduction
an exclusion
an exemption
Question 9.9. (TCO 2) _____ would qualify a person for an
exemption when computing taxable income.
Mortgage interest
A tax shelter
A dependent
Charitable contributions