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In December 2017,Arnold is considering one last financial decision for 2017.He has $5,000 that he would like to spend before the end of the year.His options include donating the money to a qualified charity (and receiving an itemized deduction)or using the money as a down payment on the purchase of $30,000 of equipment for his business.If he purchases the equipment,he will receive an 8% tax credit for the entire purchase price.He does not need the equipment until early next year,so the purchase at this time is not critical.Assume that Arnold is in the 33% marginal tax rate bracket in 2017 and itemizes his deductions.Which option will provide him with the greatest tax benefit? Explain and show any calculations that support your answer.
Video Modeling
A teaching method that uses video recordings to demonstrate desirable behaviors or skills as a means of instruction.
Treatment Foster Care
A placement option for children with severe emotional or behavioral problems, where they receive specialized care in a family setting.
Conduct Disorder
A mental disorder diagnosis in children and adolescents characterized by a repetitive and persistent pattern of behavior that violates the rights of others or major age-appropriate norms.
Covert-nondestructive
Relates to hidden actions or processes that do not cause physical damage.
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