Assume your home is assessed at $200,000. You have a $150,000 loan for 15 years at 5

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Assume your home is assessed at $200,000. You have a $150,000 loan for 15 years at 5 percent. Your property tax rate is 2 percent of the assessed value. Assume you are in a 28 percent federal income tax bracket. By what amount is your federal income tax lowered?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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