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Michele Barbour is considering an additional charitable contribution of $3,600 to a tax-deductible charity, bringing her total itemized deductions to $15,500. If Michele is single,
Michele Barbour is considering an additional charitable contribution of $3,600 to a tax-deductible charity, bringing her total itemized deductions to $15,500. If Michele is single, is in a 33 percent tax bracket, and is not subject to a phase out of deductions, how much will this $3,600 contribution reduce her taxes?(Round your answer to the nearest whole number.)
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- $1,188
- $3,600
- $1,313
- $5,115
- $0
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