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Which of the following is not a way of reducing taxable income? a. Deferring income b. Reducing deductions c. Investing in tax shelters d. Using tax-exempt income

Which of the following is not a way of reducing taxable income? a. Deferring income b. Reducing deductions c. Investing in tax shelters d. Using tax-exempt income
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Which of the following is not a way of reducing taxable income?

a. Deferring income
b. Reducing deductions
c. Investing in tax shelters
d. Using tax-exempt income

User Dimitris Dakopoulos
by
8.2k points

1 Answer

4 votes
Reducing deductions is not a way of reducing taxable income because deductions are expenses or items that can be subtracted from your income to lower your taxable income. So, reducing deductions would actually result in a higher taxable income.
User Rudy Gnodde
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