Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jane has an income of $85,000 and a marginal tax r

Jane has an income of $85,000 and a marginal tax rate of 29.65%. Amanda has...

80.2K

Verified Solution

Question

Accounting

Jane has an income of $85,000 and a marginal tax rate of 29.65%. Amanda has an income of $42,000 and a marginal tax rate of 20.05% They are each presented the choice of receiving a tax credit or a tax deduction.
Question 4 options:
Jane would benefit more from the tax deduction than Amanda but they would both choose the tax credit.
Amanda would benefit more from the tax deduction than Jane but they would both choose the tax credit.
Jane would benefit more from the tax deduction and would therefore choose the tax deduction over the tax credit.
Amanda would benefit more from the tax deduction and would therefore choose the tax deduction over the tax credit.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Use the data provided for Gotbucks Bank, Inc., to answer this question. Gotbucks Bank, Inc. (in $...

Finance
Q

Acceleration of Gravity 1) Friction. Explain the role of friction in the measurement of g. 2) Time. The...

Physics
Q

4 -letter words'' are formed using the letters A, B, C, D, E, F, G. How...

Advance Math
Q

A study of long-distance phone calls made from the corporate offices of the Pepsi Bottling Group...

Basic Math
Q

The perimeter of a rectangle is 78 cm. The length is 7 more than the...

Basic Math
Q

Question 5 Not yet answered Points out of 2.00 p Flag...

Accounting
Q

U3 Company is considering three long-term capital investment proposals. Each investment has a...

Accounting
Q

Support department cost allocationreciprocal services method Temple Lights, Inc. produces Hanukkah menorahs in its Cutting...

Accounting
Q

Exercise 11-22 (Algo) Price-earnings ratio computation and interpretation LO A1 Compute the price-earnings ratio for...

Accounting
Q

Exercise 9-11 (Static) Activity Variances [LO9-2] Lavage Rapide is a Canadian company that owns and...

Accounting
Q

Henry would like to have a retirement income of $3,000 per month (month-end payments). How...

Finance
Q

Mackensie owns a condominium in the Great Smokey Mountains. During the year, Mackensie uses the...

Accounting