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3 years ago

What are tax credits?

Business

1 answer:

stepladder [879]3 years ago

7 0

Answer: Refundable Tax Credit

Explanation:

When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.

If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.

Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.

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3 years ago

When mik has an absolute advantage in the production of two goods over tommy, mik?

Vesna [10]

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
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3 years ago

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Answer:

B. task-oriented leadership style .

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3 years ago

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CaHeK987 [17]

Answer:

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3 years ago

Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can

Ierofanga [76]

The true statement out of all is

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