Answered: . As distinguished from deductions, tax…

. As distinguished from deductions, tax credit is a. A deduction from gross sales/receipts b. A deduction from gross income c. A deduction on tax due d. A deduction from other income

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter9: Deductions: Employee And Self-employed-related Expenses

Section: Chapter Questions

Problem 3BCRQ

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Question

14. As distinguished from deductions, tax credit is

a. A deduction from gross sales/receipts

b. A deduction from gross income

c. A deduction on tax due

d. A deduction from other income

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