Describe the order in which different types of tax credits, Taxation

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Describe the order in which different types of tax credits

1. When a U.S. taxpayer pays income taxes to a foreign government, what options does the taxpayer have when determining how to treat the expenditure on her U.S. individual income tax return?

2. Describe the order in which different types of tax credits are applied to reduce a taxpayer's tax liability.

3. Describe the two methods that taxpayers use to prepay their taxes.

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Taxation: Describe the order in which different types of tax credits

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