Moana lives in Danville. This country has a marginal tax system just like the US . Moana

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Moana lives in Danville. This country has a marginal tax system just like the US

.

Moana has a taxable income of $

74, 900 .

Moana just learned that she qualifies for a $

2, 000

deduction this year. How much will this tax credit decrease her tax liability?

(

Round your answer to the nearest dollar

)

Tax rate Income ?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 07, 2024 12:40 AM

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Moana lives in Danville. This country has a marginal tax system just like the US . Moana

Question:

Expert Answer:

To determine the impact of the 2000 deduction on Moanas tax liability we need to know the sp... View the full answer

Income Tax Fundamentals 2013

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