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Which of the following personal income tax planning techniques are used to defer (postpone) taxation? I. Itemizing deductions. II. Contributing to an individual retirement account.
Which of the following personal income tax planning techniques are used to defer (postpone) taxation? I. Itemizing deductions. II. Contributing to an individual retirement account. III. Using the child and dependent care credit. IV. Owning cash value life insurance. his A. I, II, Ill, and IV B. Il and Ill only C. Il and IV only D. Ill and IV only
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