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Author Question: Mingming and Xavier, unrelated single taxpayers, have each incurred a $1,000 expenditure. Before ... (Read 96 times)

AEWBW

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on: Sep 13, 2020
Mingming and Xavier, unrelated single taxpayers, have each incurred a $1,000 expenditure. Before considering this expenditure, Mingming has taxable income of $500,000 and Xavier has taxable income of $32,000. Assume the expenditure qualifies as either a tax deduction or a 25% credit. Which of the following statements is correct?
◦ Mingming will prefer the credit, but Xavier will prefer the deduction.
◦ Mingming will prefer the deduction, but Xavier will prefer the credit.
◦ Both taxpayers will prefer the credit.
◦ Both taxpayers will prefer the deduction.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by AEWBW on Sep 13, 2020

cloudre37

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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AEWBW

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

Perkypinki

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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