Why are tax credits rather than a deduction used to provide tax relief?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
A tax credit is a direct reduction in the tax liability of ...View the full answer
Answered By
Anjan dua
i have completed my B.Sc in chemistry and currently i am working as a home tutor of science subjects. right now i am doing a diploma in elementary education so that i can teach better.
0.00
0 Reviews
10+ Question Solved
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Question Posted:
Students also viewed these Business Law questions
-
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...
-
Why do employers provide employee benefits, rather than providing all compensation in the form of pay and letting employees buy the services they want?
-
Among the ledger accounts used by Glenwood Speedway are the following: Prepaid Rent, Rent Expense, Unearned Admissions Revenue, Admissions Revenue, Prepaid Printing, Printing Expense, Concessions...
-
A solution was prepared by dissolving 5.76 g of KCl MgCl2 6H2O (277.85 g/mol) in sufficient water to give 2.000 L. Calculate (a) The molar analytical concentration of KCl MgCl2 in this solution....
-
The machine shown in the figure can be used for a tension test but not for a compression test. Why? Can both screws have the same hand?
-
A flywheel, with a mass of \(50 \mathrm{~kg}\) and an eccentricity of \(12 \mathrm{~mm}\), is mounted at the center of a steel shaft of diameter \(25 \mathrm{~mm}\). If the length of the shaft...
-
During 2014, Damon Corp. entered into the following transactions. Borrowed $60,000 by issuing bonds. Paid $9,000 cash dividend to stockholders. Received $13,000 cash from a previously billed customer...
-
Approach these journals as (a) an opportunity to reflect upon and apply what you learn each week based on the assigned readings, discussions, and activities, and (b) an opportunity to share your...
-
According to the American Time Use Survey, Americans watched television each weekday for an average of 151 minutes in 2011 (Time, July 11, 2011). Suppose that this result is true for the 2011...
-
What is the tax treatment of a stock option that qualifies as an incentive stock option? What is the treatment if the requirements are not met?
-
Why are business credits allowed to be carried forward to future tax years?
-
An analyst presents you with the following pro forma (in millions of dollars). The pro forma gives her forecasts of earnings and dividends for 2010-2014. She asks you to value the 1,380 million...
-
What is the interest tax shield?
-
How does the correlation between two stocks affect the risk and return of portfolios that combine them?
-
How does leverage affect a firms weighted average cost of capital?
-
If investors are holding optimal portfolios, how will the portfolios of a conservative and an aggressive investor differ?
-
Do firms choose capital structures that fully exploit the tax advantages of debt?
-
Even though marsupial mammals give birth to live young, an eggshell forms briefly early in their development. This is evidence that _________. A. Marsupials share a common ancestor with some...
-
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
-
Thomas and Tonya Taylor purchased a home for $125,000 on September 15, 2017. On October 8, 2018, they were divorced, and as part oft he divorce agreement, the home was transferred to Thomas, who sold...
-
Laboratory Management deposited into its account at Pulaski Bank a check issued by Fairway Farms in the amount of $150,000. The date of deposit was February 5. Pulaski, the depositary bank, initiated...
-
On Tuesday, June 11, Siniscalchi issued a $200 check on the drawee, Valley Bank. On Saturday morning, June 15, the check was cashed. This transaction, as well as others taking place on that Saturday...
-
Morvarid Kashanchi and her sister, Firoyeh Paydar, held a savings account with Texas Commerce Medical Bank. An unauthorized withdrawal of $4,900 from the account was allegedly made by means of a...
-
3) Two masses are connected with a thin string over a massless, frictionless pulley. If the 12.0 kg box descends 14.0 m in 8.00 seconds after being released from rest, draw two free body diagrams and...
-
For this problem, consider a model of the hydrogen atom where the "atom" is an electron confined to be in a one-dimensional box. Take the length of the box, L, to be twice the Bohr radius ao. The...
-
A floating ice block is pushed through a displacement a = (23.0 m ) - (22.0 m ), along a straight embankment by rushing water, which exerts a force = (266 N )i (186 (186 N ); on displacement? on the...
Study smarter with the SolutionInn App