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Patti and Mike are contributing $4,000 to their favorite, tax-deductible charity. This contribution will bring their total itemized deductions to $30.000. Assuming they are in

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Patti and Mike are contributing $4,000 to their favorite, tax-deductible charity. This contribution will bring their total itemized deductions to $30.000. Assuming they are in the 35% marginal tax bracket and their average tax rate is 24%. how much will they save in taxes by contributing this $4,000 to charity? A. $10,500 B. $1,400 C. $7,200 D. $960

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