Tax credits encourage companies to do something to qualify for this tax reduction (often hire new employees or purchase new machinery).

Name: Tax credits encourage companies to do something to qualify for this tax reduction (often hire new employees or purchase new machinery).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tax credits are designed to incentivize companies to take specific actions, such as making certain investments or hiring new employees, in order to qualify for a tax reduction.

Tax Credits Encourage Companies to Do Something to Qualify for This