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Which of the following statements about credits is TRUE? Credits increase taxable income. Credits can directly decrease tax liability. Credits can never be refundable. Credits

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Which of the following statements about credits is TRUE? Credits increase taxable income. Credits can directly decrease tax liability. Credits can never be refundable. Credits can only be nonrefundable. Mark for follow up Which of the following statements about credits is TRUE? Credits increase taxable income. Credits can directly decrease tax liability. Credits can never be refundable. Credits can only be nonrefundable. Mark for follow up

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