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Jackie Is in the 28% Marginal Tax Bracket and Has

Question 176

Multiple Choice

Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home.If her standard deduction is $4,750 and she incurs the following costs related to housing,how much tax savings will she receive as a result of her home purchase? Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home.If her standard deduction is $4,750 and she incurs the following costs related to housing,how much tax savings will she receive as a result of her home purchase? A) $13,250 B) $ 5,040 C) $ 3,710 D) $ 2,800 E) none


A) $13,250
B) $ 5,040
C) $ 3,710
D) $ 2,800
E) none

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