Which of the following are legal methods of reducing your current tax liability?
A) not reporting taxable income you receive
B) investing in a tax deferred annuity
C) shifting income to your children
D) writing off deductions above the actual amount(s) spent
E) b and c
Correct Answer:
Verified
Q56: A taxpayer can file for an automatic
Q119: You made an error when you filed
Q120: For 2014,each personal exemption reduced taxable income
Q121: Choose the word or phrase in [
Q122: Choose the word or phrase in [
Q125: Choose the word or phrase in [
Q126: The income-shifting tax strategy is least effective
Q127: Choose the word or phrase in [
Q128: Choose the word or phrase in [
Q129: Choose the word or phrase in [
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents