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A $2,000 Non-Refundable Tax Credit for Two Taxpayers with the Same

Question 31

Multiple Choice

A $2,000 non-refundable tax credit for two taxpayers with the same filing status results in


A) A $2,000 tax reduction
B) A tax reduction equal to $2,000 times the marginal tax bracket
C) A tax reduction equal to the lesser of $2,000 or the gross tax
D) No tax savings

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