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Of the following statements about personal tax credits, which one is NOT correct? A. Any unused charitable donations can be carried forward for the next

Of the following statements about personal tax credits, which one is NOT correct? A. Any unused charitable donations can be carried forward for the next five years. B. Personal tax credits entitle an individual to a taxable income deduction. C. They reduce federal income tax by the same amount without regard to the individual's marginal federal income tax rate. D. The pension income tax credit is not indexed for inflation

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