If you were in the 28% marginal tax bracket and you could choose either a $1,000 tax

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If you were in the 28% marginal tax bracket and you could choose either a $1,000 tax credit or a $3,000 tax deduction, which would give you the most tax savings? Why?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:26 AM

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If you were in the 28% marginal tax bracket and you could choose either a $1,000 tax

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The tax credit is a better choice in this case The tax credit will reduce the tax du...View the full answer

Concepts In Federal Taxation

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