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Larry is single and his standard deduction for the year is $6,200. He has itemized deductions of $13,000. If he is in the 25% marginal
Larry is single and his standard deduction for the year is $6,200. He has itemized deductions of $13,000. If he is in the 25% marginal tax bracket, how much tax would he save by using his itemized deductions? (Please show work)
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