Essay
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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Correct Answer:
Verified
(a)Tax credits are a dollar-for-dollar r...
View Answer
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Get Access to more Verified Answers free of charge
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