If Diane Was in a 25% Tax Bracket and Received

question 39

Multiple Choice

If Diane was in a 25% tax bracket and received a $1,000 tax credit, by how much would her taxes be reduced?

• A) $25
• B) $50
• C) $250
• D) $500
• E) $1,000

---

Definitions:

Agricultural Imports

Goods related to agriculture brought into a country from abroad.

Food, Conservation, and Energy Act

A comprehensive piece of legislation passed by the United States Congress to address issues related to agriculture, nutrition, conservation, and energy.

Price Supports

Government interventions to maintain the market price of an agricultural commodity at a predetermined level to ensure income stability for farmers.

Freedom to Farm Act

A U.S. federal law enacted in 1996 aimed at reducing government control over farming operations and subsidy payments, allowing farmers more freedom to make planting decisions.