Why are the various tax "credits" such a welcome relief?
What will be an ideal response?
Answer: Tax credits are subtracted directly from taxes due on a dollar-for-dollar basis. The credits are not a deduction from income or a percentage of some entry in the tax form. Your final income tax liability represents your base income tax less your tax credits. The bottom line is a major savings in the tax burden.
Business
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For businesses, consumer penalties are part of doing business in a highly competitive marketplace
Indicate whether the statement is true or false a. True b. False
Business
_____ is the primary determinant of a person's earning potential.
Fill in the blank(s) with the appropriate word(s).
Business