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Which of the following statements regarding tax credits is false? ...

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Question

Accounting

Which of the following statements regarding tax credits is false?

A.

Tax credit reduces tax liability dollar for dollar
B.

When refundable tax credits are greater than a taxpayer's gross tax liability, the taxpayer can receive a refund
C.

Tax credits are generally more beneficial than tax deductions
D.

Business tax credits are nonrefundable
E.

All of the above are true

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