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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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