Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?

1 answer:

3 0

The person that benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax is option a: Everyone who must pay state income tax.

<h3 /><h3>What are Income tax in the United States?</h3>

Income taxes in the United States is known to be a kind of a tax that is often imposed by the federal government, as well as a lot of states.

Note that the income taxes are said to be set by applying a tax rate as income increases, and as such,

Therefore, The person that benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax is option a: Everyone who must pay state income tax.

Learn more about federal income tax from

brainly.com/question/1601662

#SPJ1

You might be interested in

Which government agency is in charge of regulating the sale of stocks and bonds? A. The Interstate Commerce Committee

frutty [35]

The correct answer is; C

8 0

3 years ago

What is the difference between reward management and compensation management

Genrish500 [490]

Answer:

Compensation management is the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures. ... Reward management consists of analysing and controlling employee remuneration, compensation and all of the other benefits for the employees

8 0

3 years ago

A white man places a rental property he owns on craigslist to rent it out for the next year. he receives two very promising appl

julia-pushkina [17]

This is an example of racisim/ predjudice/colorisim or discriminatiom

4 0

3 years ago

Read 2 more answers

Which statement is true about culture and society?

TEA [102]

A. is the only appropriate answer.

5 0

3 years ago

Read 2 more answers

Successful business strategies generate value. Creating value lays the foundation for the important benefits that economies can

olya-2409 [2.1K]

The main thing which superior performance allows a firm to do is:

reinvest some of its profits in gaining more resources and thus grow.

<h3>What is Business Strategy?</h3>

This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.

With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.

Read more about business strategies here:
brainly.com/question/25686320

6 0

3 years ago