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13-05-2023
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Which, if any, of the following statements is (are) correct (assuming no withholdings or estimated payments)? 1. Refundable tax credits can generate a tax refund. 2. Nonrefundable tax credits can generate a tax refund. a. 1 only. b. 2 only. c. Both 1 and 2. d. Neither 1 nor 2.

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