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Choose the INCORRECT statement.
Advance Payments
Payments made before they are due or before goods or services are received.
Maximum Amount
The highest limit specified for an action, transaction, or financial account, beyond which one cannot go.
Credit For The Elderly
Credit for the Elderly is a tax credit available to eligible taxpayers aged 65 or older or those who are retired on permanent and total disability and who meet certain income limitations.
Nontaxable Social Security Benefits
Portions of Social Security payments that are not subject to income tax under certain conditions.
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