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By defining after-tax income, demonstrate the differences resulting from a $2,000 tax credit versus a $2,000 tax deduction for a single taxpayer in the 25%

By defining after-tax income, demonstrate the differences resulting from a $2,000 tax credit versus a $2,000 tax deduction for a single taxpayer in the 25% tax bracket with $37,000 of pre-tax income. 
Round your answers to two decimal places. $ 
Deduction: $
Credit:

 

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Aftertax income is the net income after the deduction of all federal state and withholding taxes Aftertax income also called income after taxes represents the amount of disposable income that a consum... blur-text-image

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