Philosophy homework help
Tax Credits.??List some common types of tax credits.Common types of tax credits? include:???(Select the best answer? below.)A.child credits and reimbursements of moving expensesB.reimbursements of moving expenseand interest expenseC.child care credits and child credits.D.child care credits and reimbursements of moving expensesExemptions.??What is an? exemption? How many exemptions may a taxpayer? claim?An exemption is permitted? for:???(Select the best answer? below.)A.the dependents of the person filing the tax return.B.each person who is supported by the income listed on a tax return.C.the dependents of the person filing the tax return if those dependents have income.D.the person filing the tax return.A taxpayer is entitled to one exemption? for:???(Select the best answer? below.)A.each of his dependents.B.himself and one for each of his dependents.C.himself and one for his children.D.himself.Marginal Tax Bracket.??What is the marginal tax? bracket? Why is it? important?A marginal tax bracket is? the:???(Select the best answer? below.)A.tax rate imposed on any additional? (marginal) income earned. A progressive tax system means the higher an? individual’s income, the higher the percentage of income tax paid.B.tax rate imposed on any income earned. A progressive tax system means the lower an? individual’s income, the higher the percentage of income tax paid.C.range of income in a tax bracket. A progressive tax system means the higher an? individual’s income, the higher the percentage of income tax paid.D.row in the tax table. A progressive tax system means the lower an? individual’s income, the higher the percentage of income tax paid.