Solved

Suppose That You Owe $4,000 in Income Taxes but Manage

Question 15

Multiple Choice

Suppose that you owe $4,000 in income taxes but manage to reduce that amount by $2,000 because you paid college tuition that year.The subtraction of $2,000 is a(n) :


A) tax credit.
B) standard deduction.
C) exemption.
D) withholding.

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