Multiple Choice
Charlotte pays $16,000 in tax deductible property taxes.Charlotte's marginal tax rate is 28%,effective tax rate is 22% and average rate is 25%.Charlotte's tax savings from paying the property tax is
A) $3,520.
B) $4,000.
C) $4,480.
D) $11,520.
Correct Answer:
Verified
Correct Answer:
Verified
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