Question: Someone please help me with this problem. Thanks - Shaftesbury Company has a tax rate of 21%. The company has $56,000 in gross income recognized
Someone please help me with this problem.
Thanks
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Shaftesbury Company has a tax rate of 21%. The company has $56,000 in gross income recognized and $20,000 in deductions before considering another $6,000 payment. Shaftesbury is unsure if that $6,000 payment is another deduction or a credit. How much would Shaftesbury save in taxes if it could record a $6,000 payment as a credit rather than an additional deduction? O $1,560 O $4,740 O $1,260 O $1,800 0 None of the above
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