progress-ldise C Chapter 3 Financial Planning Exercise 4 Effect of tax credit vs. tax exemption bracket By defining after-tax income, demonstrate the differences resulting from a $1,500 tax credit versus a $1,500 tax deduction for a single taxpayer in the 25 with $42,000 of pre-tax income. Round your answers to two decimal places. (Use Exhibit 3.3.) Deduction $ 9,000 x 10,500 x Credit $ Feedback