Sally is trying to figure out some of the options of Tax Deductions versus Tax Credits. If she can get a $4,000 Tax DEDUCTION for this donation, what would her new total taxes be? If she can get a 50% Tax CREDIT for donating the $4,000, how much will her new total taxes be? Which would she prefer?

Answer rating: 100% (QA)

Based on the information provided in the sources here are the calculations for Sallys tax situation ... View the full answer