question 5 of 10: which term is given to an amount that can be offset against a tax liability?\na) tax…

question 5 of 10: which term is given to an amount that can be offset against a tax liability?\na) tax return\nb) tax credit\nc) tax bill\nd) tax rate

question 5 of 10: which term is given to an amount that can be offset against a tax liability?\na) tax return\nb) tax credit\nc) tax bill\nd) tax rate

Answer

Brief Explanations:

A tax credit is an amount that can be directly offset against the tax liability an individual or entity owes. A tax return is a form for reporting income and taxes. A tax bill is the amount of tax owed. A tax rate is the percentage used to calculate the tax.

Answer:

B. tax credit