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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
Passive income
Question 10.10. (TCO 2) Generally, the way most people pay federal
income tax is by
paying the total amount owed by April 15.
filing quarterly tax payments.