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bl Question 25 4 pts John and Charlotte are considering contributing $1,000 to their church. This contribution will bring their total itemized deductions to $2,000.
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Question 25 4 pts John and Charlotte are considering contributing $1,000 to their church. This contribution will bring their total itemized deductions to $2,000. Assuming the standard deduction is $5,000 and they are in the 15% marginal tax bracket, how much will they save in taxes by contributing this $1,000 to their church? O $0 $ 500 $ 300 $ 150 O $1,000 Step by Step Solution
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