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  3. a deduction can be the following: a)cash receipt t

A deduction can be the following: a)Cash receipt that reduces gross income. b)Cash payment that...

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Accounting

A deduction can be the following:

a)Cash receipt that reduces gross income.

b)Cash payment that reduces gross income

c)Direct dollar-for-dollar reduction of the income tax liability.

d)Answers a. and b. are both correct.

e)Answers a., b., and c. are all correct.

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