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2. Sally and Rob are considering contributing $10,000 to their favorite, tax-deductible charity. This contribution will bring their total itemized deductions to $40,000. Assuming they
2. Sally and Rob are considering contributing $10,000 to their favorite, tax-deductible charity. This contribution will bring their total itemized deductions to $40,000. Assuming they are in the 32% marginal tax bracket and their average tax rate is 25%, how much will they save in taxes by contributing this $10,000 to charity?
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