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Can you take a look at this and help me understand and break down the steps to solve this? When I try to do calculations on my own,I get the wrong answer.

A woman is in the 15% tax bracket and itemizes her deductions. How much will her tax bill be reduced if she qualifies for a $

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Answer #1

Answer:

Her tax bill will be reduced by $ 1,500

Tax credit reduces tax bill dollar for dollar. So a tax credit valued at $1,500, will lower her tax bill by the same dollar amount of $1,500.

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