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You are in the 15% marginal tax bracket. You have the option of deducting $2,000 as an adjustment to income on the front page of

You are in the 15% marginal tax bracket. You have the option of deducting $2,000 as an adjustment to income on the front page of Form 1040, or you can take a $500 tax credit on the back page. Which option will reduce your taxes by the largest amount?

A. Deduct the $2,000 as an adjustment to income
B. Take the $500 tax credit

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