consider the following scenario: isaac is a single father with two children aged 19 and 7 living at home…

consider the following scenario: isaac is a single father with two children aged 19 and 7 living at home with him. nina is a 19 - year - old college student, and nick is 7 years old. besides living expenses, part of isaacs income pays for: * payment on a student loan for ninas college expenses; * after - school childcare for nick; and * a contribution to a retirement savings plan. based on isaacs expenses, which of these do you think the government might consider when determining the amount of taxes he owes? a payment on a student loan for ninas college expenses b after school childcare for nick c a contribution to a retirement savings plan

consider the following scenario: isaac is a single father with two children aged 19 and 7 living at home with him. nina is a 19 - year - old college student, and nick is 7 years old. besides living expenses, part of isaacs income pays for: * payment on a student loan for ninas college expenses; * after - school childcare for nick; and * a contribution to a retirement savings plan. based on isaacs expenses, which of these do you think the government might consider when determining the amount of taxes he owes? a payment on a student loan for ninas college expenses b after school childcare for nick c a contribution to a retirement savings plan

Answer

Brief Explanations:

In many tax - systems, contributions to retirement savings plans are often tax - deductible or have some tax - advantaged status. Student loan payments and after - school childcare expenses generally do not directly affect the amount of taxes owed in the same way as retirement contributions.

Answer:

C. a contribution to a retirement savings plan