Considering contributing $1,000 to their church. This contribution will bring their total itemized deductions to $2,000. Assuming they are in the 15% marginal tax bracket, how much will they save in taxes by contributing this $1,000 to their church?
a. $0
b. $150
c. $300
d. $500
Answers: 3
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Considering contributing $1,000 to their church. This contribution will bring their total itemized d...
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