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WILL MARK BRAINLIEST!
A person has $100,000 in taxable income for a year and pays a 10 percent
income tax rate, equal to $10,000. Which action would reduce the amount the
person paid in taxes to $5,000?
A. Receiving a $95,000 tax credit
B. Receiving a $95,000 tax deduction
C. Receiving a $5,000 tax deduction
D. Receiving a $5,000 tax credit

Respuesta :

Answer: D

Explanation:

A person has $100,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $10,000. action would reduce the amount the is Receiving a $5,000 tax credit.

What do you mean by tax?

Taxes are compulsory contributions levied on people or firms by a state commodity whether local, regional, or national.

Tax payments finance government actions, containing public works and services such as highways and academics, or programs such as Social Security and Medicare.

Thus, option "D" is correct, Receiving a $5,000 tax credit.

To learn more about tax click here:

https://brainly.com/question/16423331

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