Which of these people will be eligible for a tax deduction? Select one of the options below as your answer:A. Gareth, who gets interest income from banksB. Nancy, who gets dividends from stocks and mutual fundsC. Miles, who makes cash contributions to charities

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Business

Jude Navarro

2 March, 03:18

Which of these people will be eligible for a tax deduction? Select one of the options below as your answer:A. Gareth, who gets interest income from banksB. Nancy, who gets dividends from stocks and mutual fundsC. Miles, who makes cash contributions to charities

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Regan Mccarty · Answer 1

I believe the answer is: C. Miles, who makes cash contributions to charities

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Tax deduction refers to the amount of money that could be excluded from tax payment. Since charities technically increase the wellness of other people in the country, government in most countries would include Charities as a tax deduction to encourage this action.