Which statement is correct?
A. Tax deductions reduce tax liability on a dollar-for-dollar basis.
B. Tax deductions are less valuable for high-income taxpayers than for low-income taxpayers.
C. Tax credits reduce tax liability on a dollar-for-dollar basis.
D. The benefit of a tax credit depends on the taxpayer's marginal tax rate.
Answer: C
You might also like to view...
Ronda, a sales executive, believes that her hard work and persistence will reap rewards in the future. She is not very assertive, prefers to be instructed, and awaits her team's approval before taking decisions. Ronda's attitudes and behavior are consistent with a culture that
A. has high power distance. B. is low on uncertainty avoidance. C. is feminine. D. is long-term oriented. E. is highly individualistic.
One of the most significant areas of research at ______ is communicable disease research.
A. WorkâLife Balance Institute B. Social Security Administration C. Health Care Institute D. National Institute of Occupational Safety and Health
To create an aggregate plan, a company must specify the planning horizon for the plan and the duration of each period within the planning horizon
Indicate whether the statement is true or false.
________ labor entails delivering smiles, making eye contact, showing sincere interest and engaging in friendly conversations with customers who are essentially strangers and who may not ever be seen again.
A. Emotional B. Physical C. Mental D. Personal E. Accountable