Each of the tax credit can be matched to the description as:
- Convenience checks: consumers use these to reduce their available credit in exchange for cash.
- Installment loan: consumers make recurring fixed payments.
- Introductory interest free: consumers can enjoy a set period of zero interest credit.
- Revolving credit: consumers borrow an amount that they don’t have to pay off by a specific date.
What is tax credit?
A tax credit serves as a tax incentive that is been used and it help the taxpayers to subtract the amount of the credit that has been accrued by them from the total that are they owing the state.
It should be noted that this could be a credit granted in recognition of taxes already paid .
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CHECK THE COMPLETE QUESTIONBELOW:
Drag each tile to the correct box.
Match each type of credit to its description.
convenience checks
installment loan
introductory interest free
revolving credit
Consumers make recurring fixed payments.
Consumers can enjoy a set period of zero interest credit.
Consumers use these to reduce their available credit in exchange for cash.
Consumers borrow an amount that they don’t have to pay off by a specific
