Assume an individual is in the 20.5% tax bracket. For this individual, an additional $180 deduction allowable in calculating taxable income will reduce taxes payable by additional $180 tax credit allowable will reduce taxes payable by Choose the correct answer. (Round to the nearest dollar.) OA. $37, $180 O B. $37, $37 O C. $180, $180 O D. $180,

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Assume an individual is in the 20.5% tax bracket. For this individual, an additional $180 deduction allowable in calculating taxable income will reduce taxes payable by additional $180 tax credit allowable will reduce taxes payable by Choose the correct answer. (Round to the nearest dollar.) OA. $37, $180 O B. $37, $37 O C. $180, $180 O D. $180, $37 CO An

Expert Answer

C. $180, $180 more explanation Assuming the individual i View the full answer