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A. Coco has a marginal tax rate of 26%. He realizes that he neglected to include a $5,650 tax deduction If he includes this $5,650

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A. Coco has a marginal tax rate of 26%. He realizes that he neglected to include a $5,650 tax deduction If he includes this $5,650 tax deduction on his tax return, how will this affect his overall tax payment? (Show your calculations). B. If he had forgotten a $5,650 tax credits (i.e., children's arts amount and adoption expenses), instead of a $5,650 tax deduction, how would his taxes be affected if he were to include these tax credits on his tax return? (Show your calculations). [Make sure to assume the year 2017]

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