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A firm with $20,000 tax-deductible expense and a 40% tax rate can have tax savings in the amount of: Multiple Choice $12,000. $7,000. $4,000. $8,000.

A firm with $20,000 tax-deductible expense and a 40% tax rate can have tax savings in the amount of:

Multiple Choice

$12,000.
$7,000.
$4,000.
$8,000.

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