Question 10 of 10
A person has $100,000 in taxable income for a year and pays a 10 percent
income tax rate, equal to $10,000. Which action would reduce the amount the
person paid in taxes to $5,000?
A. Receiving a $5,000 tax deduction
B. Receiving a $95,000 tax credit
C. Receiving a $5,000 tax credit
OD. Receiving a $95,000 tax deduction

Question

07-06-2022
Social Studies

Answered

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Question 10 of 10
A person has $100,000 in taxable income for a year and pays a 10 percent
income tax rate, equal to $10,000. Which action would reduce the amount the
person paid in taxes to $5,000?
A. Receiving a $5,000 tax deduction
B. Receiving a $95,000 tax credit
C. Receiving a $5,000 tax credit
OD. Receiving a $95,000 tax deduction

Sagot :

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