Vhich of the following allow a tax filer to legally reduce the amount of tax owed? Select all that apply. A. The standard deduction. B. Tax returns. )C. Tax evasion. O D. Tax exemption. E. FICA taxes paid. F. Tax credits. ) G. Itemized deductions. QUESTION 5 /hich of the following best describes taxable income? O A. The sum of your adjusted gross income and earned income tax credit. O B. The sum of your wage income, unemployment benefits, and interest. OC. The amount of income on which taxes were withheld by your employer. D. The amount of income you have after subtracting allowable deductions and exemptions.

Vhich of the following allow a tax filer to legally reduce the amount of tax owed? Select all that apply. A. The standard deduction. B. Tax returns. )C. Tax evasion. O D. Tax exemption. E. FICA taxes paid. F. Tax credits. ) G. Itemized deductions. QUESTION 5 /hich of the following best describes taxable income? O A. The sum of your adjusted gross income and earned income tax credit. O B. The sum of your wage income, unemployment benefits, and interest. OC. The amount of income on which taxes were withheld by your employer. D. The amount of income you have after subtracting allowable deductions and exemptions.

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter13: Tax Credits And Payment Procedures

Section: Chapter Questions

Problem 3RP

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