ACT English Strategies Practice Test

The correct answer is "It is," which is what "it's" stands for in a sentence. The contraction "it's" combines the pronoun "it" with the verb "is." This usage indicates a state of being or identifies something in the present. For example, in the sentence "It's raining," "it's" specifies that the rain is happening now.

While the other options represent valid contractions as well, they do not reflect the correct meaning of "it's." "It has" is represented by the contraction "it's" when referring to possession, but in current usage as a standalone contraction, it is primarily understood as "it is." The remaining options, "It was" and "It will," do not correspond to "it's" and imply entirely different verb tenses and meanings. Therefore, "It is" is the appropriate interpretation of "it's" in this context.