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2. Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is

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2. Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is his tax savings from this deduction? a. $8,000 b. $6,800 c. $1,200 d. $6,000 e. None of the answers provided is correct

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