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Business, 09.02.2022 14:00 barclaybarnes07

Tax relief can come in several forms. Assuming that the taxpayer in question is in a 24% marginal tax rate, determine the tax value of the following forms of relief: a. A $2,000 item of income that is excluded from income b. A $2,000 expenditure that is deductible in computing taxable income c. A $2,000 expenditure that is eligible for a 10% tax credit

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