Register
what happens to your tax liability with proper financial planning? You can___ your tax liability through proper financial planning
203k views
2 votes
what happens to your tax liability with proper financial planning? You can___ your tax liability through proper financial planning

User Suvankar
by
3.4k points

1 Answer

3 votes

Answer:

The correct answer is minimize.

Step-by-step explanation:

Tax liability is what the taxpayer or corporation owes to a government entity in charge of levy and collect taxes because of the profits it has generated.

This person can deduct their taxes by planning them correctly.

Doing good planning can minimize taxes in some of the following ways:

  • Contributing to charity
  • Making contributions to retirement accounts
  • Having medical health insurance
  • Saving for college
User Era
by
3.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.7m questions

4.8m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
Robusta Coffee Importers sold 7000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8000. Using the contribution income statement format,
Link Copied!