A nonrefundable tax credit reduce the amount of taxes owed as it can reduce the amount of tax owed to zero, but it can’t result in a refund.
<u>Option: A</u>
<u>Explanation:</u>
A tax credit which would only reduce the debt of a taxpayer to zero is understood as a non-refundable tax credit. The money left from the loan would be immediately relinquished by the taxpayer and does not produce a tax refund if the future loan raises the taxable income like a refundable loan would. Often, a non-refundable benefit may be called a wastable tax credit, that can be compared with refundable tax credits.
An individual taxpayer with both refundable and non-refundable tax credits, if he estimates his or her non-refundable credits before implementing his eligible refundable credits, will increase his overall credit value. Secondly, non-refundable tax deductions can be used to reduce the taxes owed.
Answer:
What happened to savings in the United States?
Explanation:
The saving rate went from 10% savings rate to a negative savings rate. Consumers did this by binged buying items. Consumers would buy so many things that that weren't necessary, consumers supersized everything they had, instead of saving.
Photography should be the answer
A permission to proceed instead of another road user
Answer:
I think the answer is A "It is recommended that you stop and have something to eat. You should not eat any type of food while driving."
Explanation:
