Select the correct answer. How can a nonrefundable tax credit reduce the amount of taxes owed? A. It can reduce the amount of tax owed to zero, but it can’t result in a refund. B. It can reduce the amount of tax owed to zero, and it can result in a refund. C. It can reduce the adjusted gross income before the tax liability is determined, but it can’t result in a refund. D. It can reduce the adjusted gross income before the tax liability is determined, and it can result in a refund. E. It can reduce the gross income before deductions are applied, but it can’t result in a refund.

A nonrefundable tax credit reduce the amount of taxes owed as it can reduce the amount of tax owed to zero, but it can’t result in a refund.

Option: A

Explanation:

A tax credit  which would only reduce the debt of a taxpayer to zero is understood as a non-refundable tax credit. The money left from the loan would be immediately relinquished by the taxpayer and does not produce a tax refund if the future loan raises the taxable income like a refundable loan would. Often, a non-refundable benefit may be called a wastable tax credit, that can be compared with refundable tax credits.

An individual taxpayer with both refundable and non-refundable tax credits, if he estimates his or her non-refundable credits before implementing his eligible refundable credits, will increase his overall credit value. Secondly, non-refundable tax deductions can be used to reduce the taxes owed.

answer:

that sucks

explanation:

in order to appeal you must be able to show why the mark or classification you are appealing against is unfair, or does not represent your true academic ability. you believe your degree classification was not calculated correctly. a procedural problem over the way an exam or assessment was conducted or marked.