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-Mike and Carrie Are in The 28 28%28 \% Marginal Tax Bracket and Claim the Standard Deduction

Question 161

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-Mike and Carrie are in the 28%28 \% marginal tax bracket and claim the standard deduction. How much will their tax bill be reduced if they qualify for a $830\$ 830 tax credit?


A) $830\$ 830
B) $1062.40\$ 1062.40
C) $500.00\$ 500.00
D) $232.40\$ 232.40

Correct Answer:

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