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A donation of old toys and clothes to the Salvation Army valued at $500 will save a single taxpayer in the 33 percent marginal tax
A donation of old toys and clothes to the Salvation Army valued at $500 will save a single taxpayer in the 33 percent marginal tax bracket
a. | $500 if he or she has other itemized deductions of at least $12,400. | |
b. | $165 if he or she has other itemized deductions of at least $12,400. | |
c. | $500 if he or she has other itemized deductions of at least $6,200. | |
d. | $165 if he or she has other itemized deductions of at least $6,200. |
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