1. If Mrs. Smith buys an electric car and gets a federal income tax credit for $750, and her marginal tax bracket is 30 % , and she shows a tax liability before applying the savings from the credit of $1,000, she should be able to reduce her tax to...

Group of answer choices

$250

$775

$700

$175

2. If Mrs. Smith buys an electric car and gets a federal income tax deduction for $750, and her marginal tax bracket is 30 % , and she shows a tax liability before applying the savings from the credit of $1,000, she should be able to reduce her tax to...

Group of answer choices

$250

$775

$700

$175