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 226 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
YES! Correct, THANKS for helping me on my review

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Preventing Claim Form Rejection Preventing Claim Form Rejection
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library