Question
Tom paid $12k in mortgage interest and $8k in property taxes last year. His average tax rate is 21.5%, his marginal tax rate is 28%.
Tom paid $12k in mortgage interest and $8k in property taxes last year.
His average tax rate is 21.5%, his marginal tax rate is 28%.
Compute Toms tax shield from the mortgage interest and property tax deduction.
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
