Solve. -Tim Is in the 35% Marginal Tax Bracket and Claims

question 10

Multiple Choice

Solve.
-Tim is in the 35% marginal tax bracket and claims the standard deduction. How much will his tax bill be reduced if he qualifies for a $470 tax credit?

• A)$470
• B)$634.50
• C)$1192.50
• D)$164.50

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Definitions:

Edwin Shneidman

An American psychologist, regarded as a father of modern suicidology, focused on the study and prevention of suicide.

Suicide

The act of intentionally causing one’s own death.

Effectiveness

The degree to which something achieves its intended outcome or success in producing a desired result.