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Save & Exit Submit Michele Walsh is considering an additional charitable contribution of $5,800 to a tax-deductible charity, bringing her total itemized deductions to $12,500.
Save & Exit Submit Michele Walsh is considering an additional charitable contribution of $5,800 to a tax-deductible charity, bringing her total itemized deductions to $12,500. If Michele is single, is in a 10 percent tax bracket, and is not subject to a phase out of deductions, how much will this $5,800 contribution reduce her taxes? (Round your answer to the nearest whole number.) Multiple Choice $705 $5,800 O $580 $1,250 $0
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