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Which of the following statements regarding tax credits is false? A. Tax credit reduces tax liability dollar for dollar B. When refundable tax credits are

Which of the following statements regarding tax credits is false?

A.

Tax credit reduces tax liability dollar for dollar

B.

When refundable tax credits are greater than a taxpayer's gross tax liability, the taxpayer can receive a refund

C.

Tax credits are generally more beneficial than tax deductions

D.

Business tax credits are nonrefundable

E.

All of the above are true

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