Which of the following is a credit that reduces the tax calculated on taxable income? 1,Exemption credit. 2,Child tax credit. 3,Earned income credit. 4,Credit for estimated tax payments. a. 1 only. b. 1 and 3. c. 2 and 3. d. 2, 3, and 4.

Which of the following is a credit that reduces the tax calculated on taxable income? 1,Exemption credit. 2,Child tax credit. 3,Earned income credit. 4,Credit for estimated tax payments. a. 1 only. b. 1 and 3. c. 2 and 3. d. 2, 3, and 4.

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter5: Deductions For And From Agi

Section: Chapter Questions

Problem 20MCQ

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Which of the following is a credit that reduces the tax calculated on taxable income?
1,Exemption credit.
2,Child tax credit.
3,Earned income credit.
4,Credit for estimated tax payments.
a. 1 only.
b. 1 and 3.
c. 2 and 3.
d. 2, 3, and 4.

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