SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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1) Class, what are transfer taxes? What is the purpose? When and how might they apply?
2) Share your thoughts on the processes and fairness associated with federal estate taxes.
Briefly explain the precise difference between a refundable vs. a nonrefundable tax credit. Provide one or two examples of each category.
Explain the differences between a tax credit and a tax deduction. Which is better? List three currently available tax credits.
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