A credit card is a type of Multiple Choice O O O Cash account. Checking account. Loan/borrowing. Trust. Savings account. An itemized deduction of $6,400 with a 38 percent tax rate would reduce a person's taxes by: Multiple Choice $3,584.00 $6,400.00 $2.432.00 $6,438.00 $6,208.00 A tax credit of $400 for a person in a 28 percent tax bracket would reduce a person's taxes by: Multiple Choice $80. $224,0 $112.0 $280, $400