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

Question

04-05-2022
Social Studies

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 :

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marvineetesh3 marvineetesh3 · Answer 1 · 2022-05-18T03:50:04-04:00

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

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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 :

What is balance tax?

Other Questions

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