Mathematics

Mathematics, 27.05.2021 02:40, jaystarr9395

A person has $50,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $5,000. Which action would reduce the amount the person paid in taxes to $1,000? A. Receiving a $49,000 tax credit B. Receiving a $49,000 tax deduction
C. Receiving a $4,000 tax credit
D. Receiving a $4,000 tax deduction

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A person has $50,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $5...

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