The chart shows taxable income.IncomeDeductionsTaxable IncomeTaxesTax CreditTaxes owed$50,000$8,950$41,050$7,090-$1,500$5,590Whi

Question

3 years ago

6

The chart shows taxable income.IncomeDeductionsTaxable IncomeTaxesTax CreditTaxes owed$50,000$8,950$41,050$7,090-$1,500$5,590Whi

ch explains a difference between income and taxableincome?Income is what a person earns, while taxable incomereflects deductions for various expenses.Income is what a person earns, while taxable incomereflects what is left after paying federal taxesIncome is what a person earns, while taxable incomereflects what is left after paying local and state taxes.Income is what a person earns, while taxable incomereflects what is received from the IRS in a tax refund.

Mathematics

1 answer:

suter [353] · Answer 1 · 2022-05-25T20:44:34+03:00

suter [353]3 years ago

3 0

Income is what a person earns, while taxable income reflects deductions for various expenses.