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Select the correct answer. Which phrase refers to the legal act of lowering an individual’s tax liability? A.
Question
Select the correct answer.
Which phrase refers to the legal act of lowering an individual’s tax liability?
A.
mill levy
B.
tax avoidance
C.
tax evasion
D.
underreporting income
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Mathematics
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2021-08-24T23:53:40+00:00
2021-08-24T23:53:40+00:00 2 Answers
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Answers ( )
Answer:
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending …
Answer:
B.) Tax Avoidance
Step-by-step explanation:
Tax avoidance is the use of legal methods to minimize the amount of income tax owed by an individual or a business.
Credit: Investopia.com