Question: 9- Briefly explain the difference between a refundable and nonrefundable tax credit and give three examples of tax credits that may be refundable (or partly

9- Briefly explain the difference between a refundable and nonrefundable tax credit and give three examples of tax credits that may be refundable (or partly refundable) discussed in this chapter.

10- Briefly explain the purpose of the premium tax credit.

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