Peter and Petra have the same gross income and they both took the standard deduction....
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Peter and Petra have the same gross income and they both took the standard deduction. When they compared their tax returns, Petra noticed that her taxable income was $ higher than Peters Why would Peter have a lower taxable income? Select answer from the options below Peter has a nonrefundable tax credit. Peter has a refundable tax credit. Peter has more FOR AGI deductions. Peter has more itemized deductions.
Peter and Petra have the same gross income and they both took the standard deduction. When they compared their tax returns, Petra noticed that her taxable income was $ higher than Peters Why would Peter have a lower taxable income?
Select answer from the options below
Peter has a nonrefundable tax credit.
Peter has a refundable tax credit.
Peter has more FOR AGI deductions.
Peter has more itemized deductions.
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