Which of the Following Statements Is True About Tax Credits

question 40

Multiple Choice

Which of the following statements is true about tax credits?

• A)They are deductions that depend on the taxpayer's filing status,age,and vision and that can be claimed by a taxpayer whose total itemized deductions are small.
• B)They are deductions from the adjusted gross income based on the number of persons supported by the taxpayer's income.
• C)They represent the income remaining after subtracting all allowable adjustments to income from the gross income.
• D)They are personal expenditures that can be deducted from adjusted gross income when determining taxable income.
• E)They are deductions from a taxpayer's tax liability that directly reduce the person's taxes due.

---

Definitions:

Prejudice

A preconceived opinion or bias against individuals or groups without sufficient knowledge, often based on stereotypes.

Shortage of Women

The term "Shortage of Women" refers to demographic situations where the number of women relative to men in a population is significantly lower than the global average, often due to cultural, social, or economic factors.

Violent Crimes

Criminal acts that involve force or the threat of force against others, including murder, rape, and assault.

Drug Trafficking

The illegal trade involving the cultivation, manufacture, distribution, and sale of substances which are subject to drug prohibition laws.