This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you can claim all your charitable donations as a deduction on your federal income tax (if ... (Read 262 times)

mimie

  • Full Member
  • ***
  • Posts: 138
on: Nov 23, 2022
Suppose you can claim all your charitable donations as a deduction on your federal income tax (if you decide to itemize deductions) and the top marginal tax rate is 37 percent. What is the cost of a $2,000 charitable contribution for someone who itemizes and who is in the top tax bracket? If there is a cap on itemized deductions of $25,000 and Maya is in the top tax bracket and has $25,000 of deductions for property taxes and interest on her mortgage. What is the cost of a $2,000 charitable contribution for Maya?
Please round your final answer to two decimal places.
◦ $1,260.00, $2,000
◦ $740, $740
◦ $740, $2,000
◦ $1,260.00, $1,260.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by mimie on Nov 23, 2022

leilani49

  • Full Member
  • ***
  • Posts: 185
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


mimie

  • Member
  • Posts: 138
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

The Abecedarian study was designed to help very low-income African American children prepare for ... The Abecedarian study was designed to help very low-income African American children prepare for ...
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Relationship between Income per Capita and Population Growth Relationship between Income per Capita and Population Growth
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
US federal budget deficit/surplus and debt US federal budget deficit/surplus and debt
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library