Question

What happens to your tax liability with proper financial planning?
You can_____________ tax liability through proper financial planning.

Answer 1

Answer:

Decrease or minimize

Explanation:

you can decrease or minimize tax liability through proper financial planning.

Answer 2

Answer:

The correct answer is minimize.

Explanation:

• To guarantee that these factors work together to enable you to pay the least amount of taxes, tax planning involves analyzing a financial condition or plan.
• Tax efficiency refers to a strategy that reduces your tax liability. An individual investor's financial plan should include tax planning as a crucial component. Success depends on minimizing tax obligations and increasing one's capacity to make contributions to retirement programs.
• Planning for taxes involves a number of factors. The timing of income, the magnitude and timing of purchases, and the preparation for additional expenses are all factors to take into account.

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