By defining after-tax income, demonstrate the differences resulting from a $500 tax deduction versus a...
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Accounting
By defining after-tax income, demonstrate the differences resulting from a $500 tax deduction versus a $500 tax credit for a single taxpayer in the 12% tax bracket with $34,000 of pre-tax income. Round your answers to two decimal places. (Use Exhibit 3.3 .)
After-tax income with tax deduction
$
After-tax income with tax credit
$
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