Which of the Following Statements Concerning Tax Credits Is True

question 8

Multiple Choice

Which of the following statements concerning tax credits is true?

• A)The tax benefit a taxpayer receives from a credit depends on the taxpayer's marginal tax rate.
• B)Refundable tax credits are limited to a taxpayer's gross tax liability.
• C)Tax credits are generally more beneficial than tax deductions.
• D)None of these are true statements.

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