Explain and calculate the differences resulting from a $$2,000$ tax credit versus a $$2,000$ tax deduction for a single taxpayer with $$60,000$ of pre$-$tax income. The standard deduction in $2023$ was $$13,850$ for single. Note that personal exemptions were suspended for $2023.$ Use the table below to determine the corresponding tax rate.

$2023$ Tax Rate Schedules

Single

Taxable Income Tax Rate

$$0-$$$11,00010\%$ of taxable income

$$11,000-$$$44,725$ $$1,100$ plus $12\%$ of the amount over $$11,000$

$$44,725-$$$95,375$ $$5,147$ plus $22\%$ of the amount over $$44,725$

$$95,375-$$$182,100$ $$16,290$ plus $24\%$ of the amount over $$95,8375$

$$182,100-$$$231,250$ $$37,104$ plus $32\%$ of the amount over $$182,100$

$$231,250-$$$578,125$ $$52,832$ plus $35\%$ of the amount over $$231,250$

$$578,125$ or more $$174,238\mathrm{.}25$ plus $37\%$ of the amount over $$578,125$

Round the answers to the nearest cent. What is the after tax income $($tax credit$)$