Question
If your total tax savings were $1,500 by electing to take the standard deductions which are $24,000.00 rather than the standard deductions, how much were
If your total tax savings were $1,500 by electing to take the standard deductions which are $24,000.00 rather than the standard deductions, how much were the itemized deductions assuming your MTR ( Marginal Tax Rate) is 15%?
| A. 17,000 | ||
| B. 11,000 | ||
| C. 14,000 | ||
| D. 12,000 |
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Company Accounting
Authors: Ken Leo, John Hoggett, John Sweeting, Jennie Radford
8th Edition
0470819731, 978-0470819739
