What is a dollar amount allowed by law as a reduction from your adjusted gross income that would otherwise be taxed?
A) Deduction
B) Exemption
C) Taxable incomes
D) Tax credit
Correct Answer:
Verified
Q1: What is a type of indirect tax?
A)Sales
Q2: Which of the following is not a
Q3: Hank makes $70,000 a year.Lilly makes $45,000
Q5: Who pays 6.2% of an employee's salary
Q6: Which product has an excise tax on
Q7: The military,fire departments,police departments,public schools,libraries,FEMA,and the Department
Q8: Explain the difference between a regressive tax
Q9: The gasoline tax is considered a(n)
A)progressive tax.
B)indirect
Q10: What type of tax is an accounting
Q11: If you earn a salary of $50,000,what
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