Question
A deduction can be the following: a)Cash receipt that reduces gross income. b)Cash payment that reduces gross income c)Direct dollar-for-dollar reduction of the income tax
A deduction can be the following:
a)Cash receipt that reduces gross income.
b)Cash payment that reduces gross income
c)Direct dollar-for-dollar reduction of the income tax liability.
d)Answers a. and b. are both correct.
e)Answers a., b., and c. are all correct.
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Financial Accounting An Introduction
Authors: Alex Watson, Jacqui Kew
5th Edition
0190425520, 978-0190425524
