Nonrefundable Tax Credits

question 112

Multiple Choice

Nonrefundable tax credits

• A)only offset a taxpayer's tax liability.
• B)may only be used if the taxpayer is receiving a refund.
• C)can be carried back two years and carried forward 15 years if they exceed tax liability in the current year.
• D)allow the excess over the taxpayer's tax liability to be paid to the taxpayer.

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Definitions:

Direct Marketing

A form of advertising where companies communicate directly with customers through various media, including mail, email, texts, and online advertising, to generate a response or transaction.

Customer Loyalty

The dedication of customers to continue buying products or services from a particular brand, often influenced by positive experiences and satisfaction.

E-Mail Marketing

A digital marketing strategy of sending commercial messages to a group of people using email to promote products or services.

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