How much is a dollar five hundred deduction worth to him

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Question: Austins marginal tax rate is 35 percent, and he itemizes his tax deductions. How much is a $500 deduction worth to him? How much is a $500 tax credit worth to him?

Reference no: EM131500145

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How much is a dollar five hundred deduction worth to him : Austins marginal tax rate is 35 percent, and he itemizes his tax deductions. How much is a $500 deduction worth to him? How much is a $500 tax credit worth.

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