Problem 3-43 (LO. 9) Each year, Tom and Cindy Bates (married filing jointly) normally have itemized deductions of $22,000 (which includes an annual $4,000 pledge payment to their church). On the advice of a friend, they do the following: In early January 2020, they pay their pledge for 2019; during 2020, they pay their pledge for 2020; and in late December 2020, they prepay their pledge for 2021. a. What are the Bateses trying to accomplish? To have their itemized deductions exceed the standard deduction Feedback Check My Work b. What would the Bates' total itemized deductions be if all three church pledge payments were made in 2020? Assume that the itemized deductions of $22,000 already included one year of the church pledge payments. 30,000 What will be the Bates' tax saving if their marginal tax bracket is 24% for all three years? (Assume that the standard deduction amounts for 2020 and 2021 are the same.) By concentrating their charitable contributions, their tax savings becomes $ 1,176 X.