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By defining after-tax income, demonstrate the differences resulting from a $1,000 tax deduction versus a $1,000 tax credit for a single taxpayer in the
By defining after-tax income, demonstrate the differences resulting from a $1,000 tax deduction versus a $1,000 tax credit for a single taxpayer in the 12% tax bracket with $31,000 of pre-tax income. Round your answers to two decimal places. (Use Exhibit 3.3.) After-tax income with tax deduction s After-tax income with tax credit $
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