Business, 21.02.2020 06:27 uehlingt39

Molly and Justin are considering contributing $5,000 to their favorite, tax deductible charity. This contribution will bring their total itemized deductions to $20,000. Assuming they are in the 28% marginal tax bracket, how much will they save in taxes by contributing this $5,000 to charity?

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Molly and Justin are considering contributing $5,000 to their favorite, tax deductible charity. This...