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A refundable tax credit is one that:O may result in both the federal government giving money back in excess of taxes paid and a negative
A refundable tax credit is one that:O may result in both the federal government giving money back in excess of taxes paid and a negative effective tax rate.O may result in the federal government giving money back in excess of taxes paid.may result in a negative effective tax rate.O always results in your tax liability being eliminated.
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
