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If Jack was in a 25% tax bracket and received a $1,000 tax deduction, by how much would his taxes be reduced? Multiple Choice $25

If Jack was in a 25% tax bracket and received a $1,000 tax deduction, by how much would his taxes be reduced?

Multiple Choice

  • $25
  • $50
  • $250
  • $500
  • $1,000

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