Homework Answers
5a:
Amount by whch tax liability will decrease = Tax deduction neglected*Tax rate
= 2800*15%
= $420
Impact on Federal tax bill = -420
5b: Impact on Federal tax bill = Amount of tax credit = -2800
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Very lost on the whole business side of doing taxes, could use
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Very lost on the whole business side of doing taxes, could use
some help.
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