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Anns average income tax rate is 20%, and her marginal income tax rate is 36%. Her property tax bill for 2015 was $12,000 and her
Anns average income tax rate is 20%, and her marginal income tax rate is 36%. Her property tax bill for 2015 was $12,000 and her total interest payment on her mortgage was $7518. Based on this information, what is Anns total income tax shield (i.e. how much is Ann saving on her income taxes, in dollars)? State your answer as a number rounded to two decimal points (e.g. if you get $4500.876, write 4500.88)
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