You wish to make a charitable contribution of $2,000 to a qualified organization. You are currently in the 28 percent marginal tax bracket. By how much would this contribution lower your tax bill assuming your other itemized deductions exceed the standard deduction?

Question

Quizplus · Accepted Answer

Since you are in the 28% marginal tax bracket, your donation of $2,000 would lower your tax bill by $560. ($2,000 multiplied by 28%)

You Wish to Make a Charitable Contribution of $2,000 to a Qualified