How is a tax credit treated for income tax purposes? a. It is a deduction from the

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How is a tax credit treated for income tax purposes?

a. It is a deduction from the income on which the tax is computed.

b. It is the same as a deduction.

c. It is a direct reduction in tax due.

d. It is a proportional reduction in tax due.

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Nature Of Mathematics

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13th Edition

Authors: Karl J. Smith

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Posted Date: Jan 16, 2024 12:16 AM

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How is a tax credit treated for income tax purposes? a. It is a deduction from the

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The detailed answer for the above question is provided below The correct answer is c It is a direct ... View the full answer

Nature Of Mathematics

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