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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

Assume an individual is in the ( 20.5 % ) tax bracket. For this individual, an additional ( $ 180 ) deduction allowable

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.) OA. $37, $180 O B. $37, $37 O C. $180, $180 O D. $180, $37 CO An

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