For the following statements, determine if they are true or false and explain your answer.
"Gary has a salary of $80,000 per year and has no other income. So, his taxable income for the year is $80,000."
"A tax credit reduces your taxable income."
"Your taxable income is your adjusted gross income minus deductible expenses."
"After filing your taxes, you will always get a refund."
"The revenue a state gets from taxes goes to pay for new public schools and local parks."
"If your taxable income is $0, you do not have to file taxes and fill out a 1040 form."
"Both states and local governments can levy sales taxes."
In this week, we targeted two learning goals for the course - accessing wellness tools and social-emotional skills. Write a few sentences as to how this week’s material has helped you progress toward meeting these learning goals. The learning goal objective is as follows:
Accessing wellness tools: Students develop tools for improving their physical, social, and/or mental/emotional health and overall college experience.
Social-emotional skills: General Education Objective: Students identify personal social, emotional, and cognitive skills to be practiced and developed; including self-awareness, self-management, social awareness, responsible decision making, relationship skills, and communication skills.
