Question

Type the correct answer in the box. Spell all words correctly.

What happens to your tax liability with proper financial planning?
You can____your tax liability through proper financial planning.

Answer 1

minimize

Step-by-step explanation:

Tax Liability refers to the tax amount owed by the person or company and which is paid to the local tax authorities. However, there are certain rules that assist in calculating the tax liability of an individual or company. In order to minimize this amount an individual or a company needs to properly plan their financial benefits (such as income, savings and/or dividends) and discuss with tax consultant on the best way to minimize the tax liability.