Question
What is the difference between an exclusion and a deduction? An exclusion is an expense item that is generally not reported on the tax return
What is the difference between an exclusion and a deduction?
An exclusion is an expense item that is generally not reported on the tax return and a deduction is an expense item that is deducted for gross income.
An exclusion is an income item that is generally not reported on the tax return and a deduction is an expense item that is deducted for gross income.
An exclusion is an income item that is generally not reported on the tax return and a deduction is an income item that is subtracted on the tax return.
An exclusion is an expense item that is generally not reported on the tax return and a deduction is an income item that is subtracted on the tax return. None of the above is correct.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792
