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A business owner received $50,000 under the Payroll Protection Program. Which of the following is the most accurate statements with regards to the PPP on

A business owner received $50,000 under the Payroll Protection Program. Which of the following is the most accurate statements with regards to the PPP on the following year's tax return?

A - It should be claimed as income

B - It should be claimed as a nonrefundable credit

C - It should not be claimed as income

D - It should be claimed as a refundable credit

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