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Which of the following statements regarding tax credits is true? Group of answer choices They are deductions that depend on the taxpayer s filing status,
Which of the following statements regarding tax credits is true?
Group of answer choices
They are deductions that depend on the taxpayers filing status, age, and vision and that can be claimed by a taxpayer whose total itemized deductions are small.
They are deductions from the adjusted gross income based on the number of persons supported by the taxpayers income.
They represent the income remaining after subtracting all allowable adjustments to income from the gross income.
They are personal expenditures that can be deducted from adjusted gross income when determining taxable income.
They are deductions from a taxpayers tax liability that directly reduce the persons taxes due.
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