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The Coryea's marginal tax rate on their joint return is 32%. This year, their itemized deductions totaled $29,700, and their standard deduction (MFJ) was $25,900.
The Coryea's marginal tax rate on their joint return is 32%. This year, their itemized deductions totaled $29,700, and their standard deduction (MFJ) was $25,900. Compute their incremental tax savings from their itemized deductions. Multiple Choice $1,216 $9,504 $0 $8,288
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