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Assume an individual is in the 20.5% tax bracket. For this individual, an additional $180 deduction allowable in calculating taxable income will reduce taxes payable

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Assume an individual is in the 20.5% tax bracket. For this individual, an additional $180 deduction allowable in calculating taxable income will reduce taxes payable by additional $180 tax credit allowable will reduce taxes payable by Choose the correct answer. (Round to the nearest dollar.) A. $37,$180 B. $37,$37 C. $180,$180 D. $180,$37

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