Which of the following reduces total income, unlike a tax credit amount that reduces tax payable?
A)Employment expenses
B)Charitable donations
C)Public transit pass amounts
D)Basic personal exemption

Question

Quizplus · Accepted Answer

Employment expenses, unlike tax credits, reduce total income by the amount claimed. This means that the individual's total income for that year will be reduced by the amount of the employment expenses claimed, making it an option for reducing total income.

Which of the Following Reduces Total Income, Unlike a Tax