Social Studies, 10.12.2020 21:10, Tweektweak
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?
O A. Receiving a $49,000 tax deduction
B. Receiving a $4,000 tax credit
a
C. Receiving a $49,000 tax credit
D. Receiving a $4,000 tax deduction
Answers: 1
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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 $...
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