Social Studies, 08.12.2020 04:40, kataldaine

ECONOMICS A person has $200,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $20,000. Which action would reduce the amount the
person paid in taxes to $10,000?

A. Receiving a $10,000 tax credit
B. Receiving a $10,000 tax deduction
C. Receiving a $190,000 tax deduction
D. Receiving a $190,000 tax credit

Answers: 2

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*ECONOMICS* A person has $200,000 in taxable income for a year and pays a 10 percent income tax rat...