Question

for most working people ________ are the biggest deduction.
a) taxes
b) incomes
c) allowance​

Answer 1

Question

• for most working people ________ are the biggest deduction.

Answer

• b) incomes

Answer 2

QUESTION:-

For most working people ________ are the biggest deduction.

a) taxes

b) incomes

c) allowance

ANSWER:-

• a) taxes is the correct answer

• For most working people taxes are the biggest deduction.

EXPLANATION:-

• Several federal tax deductions exist for helping the taxpayers who are mainly those with inadequate income and poor income households to deduct and reduce the proportion of taxes they owe or to receive a valid substantial reimbursement.

• One of the most biggest deductions for taxpayers is the Earned Income Tax Credit which was inaugurated as a basis to compensate for the pressure of Social Security taxes and to procure encouragement for working.

• An Eligible taxpayer can have a deduction on tax up to twenty per cent of their total amount of qualified items of income, gain, deduction and loss from any qualified exchange or business which is known as their QBI.

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