Why has Congress moved toward credits rather than deductions in recent years? What do you know about

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Why has Congress moved toward credits rather than deductions in recent years?

What do you know about tax provisions that might encourage small business?

How C Corporation may be different from S Corporation? Are there other types of corporations?

How they are treated? What is Qualified Business Income? How to determine taxpayer deductions for qualified business income?

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Business Communication Process and Product

ISBN: 978-1285094076

8th edition

Authors: Mary Ellen Guffey, Dana Loewy

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Posted Date: Sep 17, 2020 10:30 PM

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Why has Congress moved toward credits rather than deductions in recent years? What do you know about

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Expert Answer:

Deductions and tax credits Deductions reduce taxable income and thus they are more valuable to someone with high tax bracket than a person who pays a low tax rate Deduction of 10000 reduces tax by 150... View the full answer

Business Communication Process and Product

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