If a person's tax liability is $12,000,their tax bracket is 25%,and their tax credit is $1,500,what amount of taxes is due?

Name: If a person's tax liability is $12,000,their tax bracket is 25%,and their tax credit is $1,500,what amount of taxes is due?
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Question

Quizplus · Accepted Answer

The tax credit of $1,500 is subtracted from the tax liability of $12,000, resulting in $10,500 in taxes due. The tax bracket percentage is not needed to calculate the taxes due in this scenario.

If a Person's Tax Liability Is $12,000,their Tax Bracket Is