Question: 1. Explain the difference between a tax credit and a tax deduction. Which would help a 28 percent tax bracket taxpayer most, a $2,000 deduction

1. Explain the difference between a tax credit and a tax deduction. Which would help a 28 percent tax bracket taxpayer most, a $2,000 deduction or a $400 credit? A 15 percent tax bracket taxpayer?

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