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    Exam 4: Using Tax Concepts for Planning
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    Erin Has a Tax Credit of $100 and a Marginal
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Erin Has a Tax Credit of $100 and a Marginal

Question 74

Question 74

Multiple Choice

Erin has a tax credit of $100 and a marginal tax rate of 28 percent. Erin's income tax liability will be reduced by how much as a result of the credit?


A) $100
B) $128
C) $28
D) $2,800

Correct Answer:

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