If a person were given the choice of a $500 credit or a $2500 deduction
A) he would take the deduction every time.
B) he would take the credit every time.
C) he would take the deduction if he were in the 25% tax bracket, the credit if he were in the 15% tax bracket.
D) he would take the deduction if he were in the 15% tax bracket, the credit if he were in the 25% tax bracket.
Correct Answer:
Verified
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