In April 2021, Bruce, a calendar year cash basis taxpayer, had to pay the state of Virginia additional income tax for 2020. Even though it relates to 2020, for Federal income tax purposes, the payment qualifies as a tax deduction for tax year 2021. True False Question 51 2 pts If a taxpayer is in the \\( 25 \\% \\) marginal tax bracket, a \\( \\$ 2,500 \\) tax credit will yield the same tax advantage as a \\( \\$ 10,000 \\) tax deduction. True False Question 52 2 pts Larry invests \\( \\$ 40,000 \\) for a \\( 20 \\% \\) interest in a passive activity. His share of the loss this year is \\( \\$ 5,000 \\). If this is his only passive activity, the \\( \\$ 5,000 \\) loss from the activity this year is suspended for use in a future year True False