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Mila [183]
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]3 years ago
3 0
Income is what a person earns, while taxable income reflects deductions for various expenses.
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