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Katie pays $10,000 in tax-deductible property taxes. Katies marginal tax rate is 32%, average tax rate is 28%, and effective tax rate is 25%. Katie's

Katie pays $10,000 in tax-deductible property taxes. Katies marginal tax rate is 32%, average tax rate is 28%, and effective tax rate is 25%. Katie's tax savings from paying the property tax is:
1. $1,600
2. $2,500
3. $2,800
4. $3,200
5. $10,000

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