Answered

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The amount owed when credit is used is equal to the
A balance tax
B. interest tax
C. principal balance
D. principal interest

Sagot :

marvineetesh3

The amount owed when credit is used is equal to the balance of tax.

What is balance tax?

The balance tax is defined as the aggregate amount that a person paid throughout the year toward his tax liability on the income an assesses made.

This is done according to the income tax act. The amount that is owed is equals to the amount of balance tax liability that is already paid.

Therefore, option C is correct.

Learn more about the tax, refer to:

https://brainly.com/question/16423331

#SPJ1

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