Which of the Following Best Summarizes the Correct Process

question 38

Multiple Choice

Which of the following best summarizes the correct process?

• A)Calculate total income,subtract tax credits and deductions,determine refund or balance owing.
• B)Add all deductions and subtract the credits from total income,determine refund or balance owing.
• C)Calculate total income,deduct RRSP contribution,apply tax credits and deductions,determine refund or balance owing.
• D)Calculate total income,subtract deductions,calculate taxable income,apply tax credits,determine refund or balance owing.

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Definitions:

Respiration

The biological process involving the exchange of gases between an organism and its environment, including inhaling oxygen and exhaling carbon dioxide.

Digestion

The complex process by which food is broken down by the body's digestive system into substances that can be absorbed and utilized for energy, growth, and cell repair.

Elimination

The process of removing something or someone from consideration, or the body's process of expelling waste.

Hepatitis

Inflammation of the liver, often caused by viral infections, toxins, medications, or autoimmune disease.