Whose incomes are so low that they do not liable

Assignment Help Accounting Basics

Reference no: EM133609414

Question: Fully refundable tax credit is more progressive as compared to limited tax credit.The limited tax credit is less progressive becuase low income taxpayers are negatively impacted .Families whose incomes are so low that they do not liable for income tax will not receive the tax credit unless a tax credit is fully refundable.Moreover,the limited tax credit are not convenient for the government because they cannot be used for a more than one period.It has to be revised yearly.

Reference no: EM133609414

Questions Cloud

Expense accounts in the adjustments journal : Expense accounts in the adjustments journal using a positive quantity and the damaged/lost inventory expense account in the adjustments journal using a negative

Journal entry for the issuance of the shares : Sam would like the journal entry for the issuance of the shares and any dividend entries for this year under the assumption the dividend does get declared

In what ways did the elements of egypts geography : How did the Ancient Egyptians relationship to their river valley shape their civilization? In what ways did the elements of Egypt's geography.

How can you connect this back to sociology : What if all the ice melts on earth how can u connect this back to sociology?

Whose incomes are so low that they do not liable : the limited tax credit are not convenient for the government because they cannot be used for a more than one period.It has to be revised yearly

How a collection might be created on that physical entity : The focus is on reporting how a collection might be created on that physical entity or organization (referred to here as the 'landmark').

Is this expense a fixed or variable cost : An employee of Giga Bytes Ltd is paid $10,000 per month for his work on Giga Bytes main frame. The employee works on average 200 hours per month.

What is the role social institutions play in the documentary : Structural Functionalist theory attempts to explain why society functions the way it does. What is the role social institutions play in the documentary?

Write a letter to the random crew social club enclosing : Write a letter to the Random Crew Social Club enclosing the prepared financial statements for verification and authorisation to print the finalised financial

User Account

All Pages