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Book rint rences Perry Bell paid $6,438 of state and local property and income tax this year. Assume the taxable year is 2023. Required:
Book rint rences Perry Bell paid $6,438 of state and local property and income tax this year. Assume the taxable year is 2023. Required: a. Compute the after-tax cost of these payments assuming Perry doesn't itemize deductions on his Form 1040. b. Compute the after-tax cost of these payments assuming Perry itemizes deductions, has a 24 percent marginal tax rate on regula taxable income, and didn't pay AMT. c. Compute the after-tax cost of these payments assuming Perry itemizes deductions, has a 32 percent marginal tax rate on regula taxable income, and paid $2,875 AMT. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the after-tax cost of these payments assuming Perry doesn't itemize deductions on his Form 1040. After-tax cost
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