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Tcecarenko [31]
1 year ago
5

Which is more valuable a tax credit or deduction?

Business
1 answer:
Brilliant_brown [7]1 year ago
5 0

A tax credit will reduce your tax bill more than a tax deduction for the same amount, if all other factors are equal.

<h3>Which is more valuable, tax credits or deductions?</h3>

A tax deduction lowers the amount of your taxable income, which is used to compute your tax responsibility, whereas a tax credit lowers your tax liability dollar for dollar. Because they lower your tax burden by one dollar for every dollar of the credit, tax credits are typically more valuable.

<h3>What distinguishes a tax credit from a tax deduction?</h3>

Dollar per dollar, tax credits lower taxable income. Tax credits are typically more beneficial than tax deductions because they directly and dollar-for-dollar lower a taxpayer's gross tax liability.

To know more about tax credit or deduction visit:-

brainly.com/question/28265848

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Compare and contrast analyzing data and drawing conclusions
san4es73 [151]
Analysis or analyzing the data means to review or study the data. One can use different statistical tools to analyze the data.
Drawing conclusion means to check or explain what the analysis shows about the data and whether your data answer the question.
<span>For example, if one person uses the internet and you want to check the internet speed is faster. The analysis is to identify the period of fast and slow speed during 24 hours and drawing conclusion is that when you recognize the internet speed is faster between 12 am to 4 am.</span>
5 0
3 years ago
If a fixed asset with a book value of $10,000 is traded for a similar fixed asset, a trade-in allowance of $15,000 is granted by
mr_godi [17]

Answer:

FALSE

The statment is false, the gain is 15,000

Explanation:

When there is commercial substance the exchange of long-term assets will recognize a gain or a loss on exchange.

When there isn't the diference will be adjusted using the value of the new asset.

In this case <u>we have commercial substance,</u> so the buyer will report a gain on exchange for 15,000 which is the allowance made by the seller.

The value has 15,000 trade-in allowance. Which means it value is for 25,000

So the diference between the current fixed asset and the new one is 15,000

25,000 - 10,000 = 15,000

The statment is false, the gain is 15,000

4 0
3 years ago
Jacob inherited his grandfather's farm when he was 16. He sold the farm to Buyer, who in turn sold it to a good faith purchaser
Anarel [89]

Answer:

Buyer took a voidable title from Jacob, and transferred a voidabale title to the GFP.

Explanation:

A voidable title is "a title that a grantee may choose to annul or void due to fraud or other irregularity, but that will remain valid unless and until the grantee chooses to void it."

Reference: Sellers International, LLC. “Voidable Title Legal Definition.” Quimbee, 2019,

4 0
3 years ago
Examples of nonprogrammed decisions would include the decision to: a. perform routine maintenance on one of the machines in manu
katrin2010 [14]

Answer:

Correct option is (e)

Explanation:

Programmed decisions are those that are planned decisions for routine situations. These decisions are made based on tried and tested methods or standardized procedures. These decisions are made once when situation arises, and subsequently becomes a procedure when similar situations arise in future. Some examples are dealing with labor absenteeism, terminating an employee or re-ordering supplies.

Non programmed decisions are distinctive. They are not based on any past situation. They are mostly taken by upper management using logic or intuition. They do not arise in normal course of business. One such decision is related to developing new product or service. It is not a routine situation. As, such it is an example of non programmed decision. Rest of the options are examples of programmed decision.

6 0
3 years ago
In 1 or 2 sentences, describe why compound interest earns more money than simple interest.
Tom [10]
<span>Simple interest is set in place by an interest rate that is multiplied by the total amount of money you have in place. While compound interest is essentially interest on top of your simple interest. It accumulates over time making you more money.</span>
5 0
3 years ago
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