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QUESTION
A man is in the 33% tax bracket and itemizes his deductions. How much will h is tax bill be reduced if he qualifies for a $1200 tax credit?
A man is in the 33% tax bracket and itemizes his deductions. How much will his tax bill be reduced if he qualifies for a $1200 tax credit?
His tax bill will be reduced by $_____ .
(Simplify your answer.)
