A man is in the 20% tax bracket and claims the standard deduction. How much will his tax bill be reduced if he qualifies for a$400 tax credit? A. $80 B.$ 400 C$ 320 D. $0
A man is in the 20% tax bracket and claims the standard deduction. How much will his tax bill be reduced if he qualifies for a$400 tax credit? A. $80 B.$ 400 C$ 320 D. $0
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
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A man is in the 20% tax bracket and claims the standard deduction. How much will his tax bill be reduced if he qualifies for a$400 tax credit?
A. $80
B.$ 400
C$ 320
D. $0
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