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Assuming a tax rate of 21%, which of the following is more advantageous to a corporation whose taxable income is $220,000? A credit of $6,000
Assuming a tax rate of 21%, which of the following is more advantageous to a corporation whose taxable income is $220,000?
A credit of $6,000
A deduction of $32,000
A credit of $2,500 and a deduction of $14,000
An exclusion of $11,000 and a deduction of $20,000
An exclusion of $28,500
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