Answered

Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.


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

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.