Questions: Career Prep B: Savings and Investing Unit Test - Profile 1 - Microsoft Edge https://www.connexus.com/content/chrome/online/lessonViewerresponsive.aspx?header=trueidCourse=1690808idUnit=1671168ic Career Prep B UNIT 4 LESSON 8 Savings and Investing Savings and Investing Unit Test Savings and Investing Unit Test Which option defines a tax benefit? (1 point) a type of tax form that needs to be completed each year. some type of savings for taxpayers a government loan a government bond affiliated to tax collection

The answer is the second one: some type of savings for taxpayers.

Explanation for each option:

1. A type of tax form that needs to be completed each year. - This option describes a tax form, not a tax benefit. Tax forms are documents used to report income and calculate taxes owed, not benefits.

2. Some type of savings for taxpayers. - This is the correct answer. A tax benefit typically refers to any advantage or savings that reduces the amount of tax owed by a taxpayer. This can include deductions, credits, or exemptions that lower taxable income or tax liability.

3. A government loan. - This option is incorrect. A government loan is a sum of money borrowed from the government that must be repaid, often with interest. It is not related to tax benefits.

4. A government bond affiliated to tax collection. - This option is incorrect. A government bond is a debt security issued by a government to support government spending, and it is not directly related to tax benefits.

In summary, a tax benefit is a form of savings or reduction in tax liability for taxpayers.