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Throughout the textbook, it has been stated that tax relief can come in several forms. Assuming that the taxpayer in question a 24% ma i

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Throughout the textbook, it has been stated that tax relief can come in several forms. Assuming that the taxpayer in question a 24% ma i al tax rate bracket and the time value of money is 6% (present value factor .747), what is the tax value of the following forms of relief? Round the tax value to the nearest dollar. a. A $2,000 item of income that is excluded from income. 480V b. A $2,000 expenditure that is deductible in computing taxable income 480 A $2,000 expenditure that is eligible for a 10% tax credit. 200 C, d. A $2,000 item of income that is deferred for five years (Assume no change in the marginal 529 X tax rate.)

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