Hot Student Stories

Which of these people will be eligible for a tax deduction?Select one of the options below as your answer:A. Gareth, who gets interest income from banksB. Nancy, who gets dividends from stocks and mutual fundsC. Miles, who makes cash contributions to charities

Zach Chandler

in Business

1 answer

1 answer

Ralph Lopez on March 3, 2018

I think the answer is: C. Miles, who makes cash contributions to charity.A tax deduction refers to the amount of money that could be excluded from the payment of taxes. Since the charity technically increase the well-being of other people in the country, the government in most of the countries include Charities as a tax deduction to encourage this action.

Add you answer