Which of the following represents the correct order in which credits are applied to gross tax liability (from first to last)?

Which of the following represents the correct order in which credits are applied to gross tax liability (from first to last)?



A. Nonrefundable personal, business, refundable


B. Business, nonrefundable personal, refundable


C. Refundable, nonrefundable personal, business


D. Refundable, business, nonrefundable personal


Answer: A. Nonrefundable personal, business, refundable


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