To minimize taxes owed,you should do the following if you expect to have a higher tax rate next year:
A)Accelerate the receipt of income into the current year.
B)Delay the receipt of income until next year.
C)Accelerate deductions into the current year.
D)Get a loan for the additional taxes
E)Quit work at the end of the current year

Question

Quizplus · Accepted Answer

Accelerating the receipt of income into the current year will allow you to pay taxes on that income at the lower current tax rate, rather than the higher tax rate you expect to have next year.

To Minimize Taxes Owed,you Should Do the Following If You