with respect to the income tax formula which of the following statements is correct?

With respect to the income tax formula, which of the following statements is correct? Multiple Choice O O O Taxable income is multiplied by a single tax rate to determine tax liability. It is almost always the case that the tax return will either show a tax refund or an additional tax liability. Total income and taxable income are the same number. Tax credits are not used when making tax refund or tax due (with return) calculations.