Question: Explain and calculate the differences resulting from a $ 2 , 0 0 0 tax credit versus a $ 2 , 0 0 0 tax

Explain and calculate the differences resulting from a $2,000 tax credit versus a $2,000 tax deduction for a single taxpayer with $43,000 of pre-tax income.The standard deduction in 2018 was $12,000 for single. Note that personal exemptions were suspended for 2018. Use Exhibit 3.3 to determine the corresponding tax rate. Round the answers to the nearest cent.After-tax Income (Tax Deduction)After-tax Income (Tax Credit)

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