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jkim3464 jkim3464
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A year ago
Suppose you can claim all your charitable donations as a deduction on your federal income tax (if you decide to itemize deductions) and the top marginal tax rate is 37 percent. What is the cost of a $2,000 charitable contribution for someone who itemizes and who is in the top tax bracket? If there is a cap on itemized deductions of $25,000 and Maya is in the top tax bracket and has $25,000 of deductions for property taxes and interest on her mortgage. What is the cost of a $2,000 charitable contribution for Maya?
Please round your final answer to two decimal places.

▸ $1,260.00, $2,000

▸ $740, $740

▸ $740, $2,000

▸ $1,260.00, $1,260.00
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Macroeconomics

Macroeconomics


Edition: 3rd
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isaw09isaw09
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A year ago
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jkim3464 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
courtneyrmcd
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Yesterday
this is exactly what I needed
mambah4
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2 hours ago
Smart ... Thanks!
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