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I need help with this problem. This is an accounting question. Thank you Shaftesbury Company has a tax rate of 21%. The company has $56,000
I need help with this problem. This is an accounting question.
Thank you
Shaftesbury Company has a tax rate of 21%. The company has $56,000 in gross income recognized and $20,000 in deductions before considering another $6,000 payment. Shaftesbury is unsure if that $6,000 payment is another deduction or a credit. How much would Shaftesbury save in taxes if it could record a $6,000 payment as a credit rather than an additional deduction? O $1,560 0 $4,740 $1,260 o $1,800 O None of the aboveStep by Step Solution
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