Solve.
-Mike and Carrie are in the $28 \%$ marginal tax bracket and claim the standard deduction. How much will their tax bill be reduced if they qualify for a $\$ 830$ tax credit?

Question

Quizplus · Accepted Answer

Tax credits reduce the amount of tax owed dollar for dollar, so an $830 tax credit will reduce their tax bill by $830, regardless of their marginal tax bracket or deductions.

Solve -Mike and Carrie Are in The 28 28%28 \%28% Marginal Tax Bracket and Claim the Standard Deduction

Solve
-Mike and Carrie Are in The 28 $28 \%$ Marginal Tax Bracket and Claim the Standard Deduction