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Author Question: Which of the following credits is considered a refundable credit? (Read 37 times)

arivle123

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Question 1

Taxable income for an individual is defined as
◦ AGI reduced by itemized deductions.
◦ AGI reduced by personal and dependency exemptions.
◦ total income reduced by the standard deduction.
◦ AGI reduced by deductions from AGI and personal and dependency exemptions.

Question 2

Which of the following credits is considered a refundable credit?
◦ child and dependent care credit
◦ earned income credit
◦ adoption expense credit
◦ lifetime learning credit


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Marked as best answer by arivle123 on Sep 13, 2020

djofnc

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arivle123

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


Dominic

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Reply 3 on: Yesterday
Gracias!

 

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