Tax credits are used to reduce tax
A)when calculating total income.
B)after total taxes payable are calculated.
C)before you subtract all deductions.
D)when calculating taxable income.

Name: Tax credits are used to reduce tax A)when calculating total income. B)after total taxes payable are calculated. C)before you subtract all deductions. D)when calculating taxable income.
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Question

Quizplus · Accepted Answer

Tax credits are subtracted from the total taxes payable after they have been calculated.

Tax Credits Are Used to Reduce Tax