Exemptions and deductions are used

to add to taxes that must be paid.

by taxpayers to reduce the amount of income subject to tax.

to determine what items are subject to sales taxes.

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Expert Solution

Option C

by taxpayers to reduce the amount of income subject to tax

Exemptions and deductions are used to reduce the amount of taxable income from the actual net income.

net taxable income=net income-Exemptions and deductions

Rahul Sunny answered 2 years ago

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