Would an individual taxpayer receive greater benefit from deducting an expense or from taking a credit equal to 25% of the expense? a. Read each scenario then respond by selecting either "Take the credit" or "Take the deduction" from the dropdown lists. If the taxpayer's marginal tax rate is less than 25%? If the taxpayer's marginal tax rate is more than 25%? Take the deduction b. How would your response change if the item would only take the credit If the item were deductible from AGI, a benefit would result only if the taxpayer Would an individual taxpayer receive greater benefit from deducting an expense or from taking a credit equal to 25% of the expense? a. Read each scenario then respond by selecting either "Take the credit" or "Take the deduction" from the dropdown lists. If the taxpayer's marginal tax rate is less than 25%? If the taxpayer's marginal tax rate is more than 25%? b. How would your response change if the item would only beTake the deduction Take the credit If the item were deductible from AGI, a benefit would resort my the taxpayer Would an individual taxpayer receive greater benefit from deducting an expense or from taking a credit equal to 25% of the expense? a. Read each scenario then respond by selecting either "Take the credit" or "Take the deduction" from the dropdown lists. If the taxpayer's marginal tax rate is less than 25%? If the taxpayer's marginal tax rate is more than 25%? b. How would your response change if the item would only be deductible from AGI? If the item were deductible from AGI, a benefit would result only if the taxpayer takes the standard deduction itemized his or her deductions