Caroline Karimaghaya purchased the residence on March 23, 1997, for $129,400 and improve- ments totaling $5,700 since. The original loan has a balance as of January 1, 2020 of $95,200 (principal payments for 2020 are $750) and bears interest at 4 percent. Property taxes for 2020 are $3,400. Caroline's other income and expenses for 2020 are these: Salaries and wages State income taxes State car tax State sales tax Other itemized deductions $140,800 6,400 225 4,220 3,100 Calculate Caroline's after-tax cost of owning the residence for 2020. Assume that Caroline's marginal tx bracket is 229%.