Inslation to tax offsets, which of the following statements Aleast correct? a.A taxpayer's tax liability is calculated by multiplying the taxpayer's taxable income by the progressive tax rates and then subtracting tax offsets. b. The description used for tax offsets in the ITAA 36 was tax rebates or tax credits. c.A tax deduction is subtracted from assessable income to calculate taxable income, while a tax offset is deducted from tax payable on taxable income. d. A tax offset is less valuable than a tax deduction. e.A tax offset is more equitable than a tax deduction