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Assume the marginal tax rates associated with each taxable income level are as follows: 10% ($0 - $19,525); 12% ($19,526 - $38,700); 22% ($38,701 -

Assume the marginal tax rates associated with each taxable income level are as follows: 10% ($0 - $19,525); 12% ($19,526 - $38,700); 22% ($38,701 - $82,500); 24% ($82,501 - $157,500); 32% ($157,501 - $200,000); 35% ($200,001 to $500,000); 37% (over $500,000). How much is a $1,000 deduction worth with taxable income of $380,000?

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