"credit" in inglés with examples - Collocation dictionary inglés
- The credit may not exceed 20% of the recipient's income during the year and it is not transferable between spouses.
- If, at the year's end, their credit exceeded the maximum (half the size of the overdraft in surplus), the surplus would be confiscated.
- The total credit does not exceed $2500.
- Regardless of the result of these computations, the credit cannot exceed the amount allocated by the state agency.
- Often such credits are refundable when total credits exceed tax liability.
- If they qualify, they get a tax reduction or a check if the credit exceeds the tax they owe.
- If the credits exceed the fund's tax liability, the excess is refundable.
- It is one of the few refundable credits in the tax code, which means claimants get cash if the credit exceeds their tax liability.
- So far this year, economists say, credits have already exceeded the total gross national product the Government rather optimistically predicted for 1993.
- When the credit exceeds the amount of taxes owed, it results in a tax refund to those who claim the credit.
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