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Which of the following statements is not true regarding tax credits:Tax credits are calculated based...

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Accounting

Which of the following statements is not true regarding tax credits:Tax credits are calculated based on the lowest marginal tax bracketMost tax credits are non-refundable, meaning the government won't refund you more taxes than you have already paid to them Your ability to claim a tax credit is never affected by the level of your income Tax credits frequently change, with new ones being introduced and others being canceled

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