healthcare finance

Beverly bonds to make Jane interested in making a switch? George and Margaret Wealthy are in the 48 percent tax bracket, considering both federal and state personal taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively pursuing the couple to contribute $500,000 to the hospital's soon-to-be-built Cancer Care Center. Without the contribution, the Wealthys' taxable income for 2011 would be $2 million. What impact would the contribution have on the Wealthys' 2011 tax bill