Question: **In your own words, please. What is the difference between a tax credit and a tax deduction? Generally, which is more tax advantageous and explain

**In your own words, please.

What is the difference between a tax credit and a tax deduction? Generally, which is more tax advantageous and explain why.

Discuss the following including concept, definition when it is applicable, purpose, and specific rates as provided in the Tax Code:

Dividends Received Deduction

Alternative Minimum Tax

Accumulated Earnings Tax

Uncertain Tax Position

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