$225,000-200,000=25,000.$

$25,{000}^{**}1\mathrm{.}45\%+25,{000}^{**}0$

$12,898+455+587\mathrm{.}5=13,940\mathrm{.}5=13,941$

Which of the following best describes the deductions independent contractors ma valid business expenses?

a$.$ For AGI deductions

b$.$ From AGI deductions

c$.$ From AGI deductions limited to income from the business activities

d$.$ For AGI deductions limited to income from the business activities

Your answer: $|$

Briefly explain your rationale:

Which of the following statements concerning tax credits is true?

a$.$ The tax benefit a taxpayer receives from a credit depends on the taxpayer's marginal are limited to a taxpayer's gross tax liability.