BUSN 380 study Great Stories/busn380study.com BUSN 380 study Great Stories/busn380study.com | Page 32

exemptions
exclusions
itemized deductions
tax credits
passive income
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) In order for a dependent to qualify as an
exemption, he or she must
be married.
receive more than one half of his or her support from the
taxpayer.
be under age 16.
be registered in school.
be a relative.