A donation of old toys and clothes to the Salvation Army valued at $500 will save a single taxpayer in the 33 percent marginal tax bracket
A) $500 if he or she has other itemized deductions of at least $6,200.
B) $500 if he or she has other itemized deductions of at least $12,400.
C) $165 if he or she has other itemized deductions of at least $6,200.
D) $165 if he or she has other itemized deductions of at least $12,400.
Correct Answer:
Verified
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