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Which of these statements is FALSE concerning credits and deductions? -Refundable credits may reduce the taxpayer's tax liability below zero, and the difference is refunded

Which of these statements is FALSE concerning credits and deductions?

-Refundable credits may reduce the taxpayer's tax liability below zero, and the difference is refunded to the taxpayer.

-Nonrefundable means that the combined amount of credits cannot reduce the taxpayer's tax liability below zero.

-Credits may be used to reduce taxable income.

-Deductions, lower the tax by reducing taxable income.

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