John and Sarah bought a home last year and paid the following housing expenses during the year:

Assuming they are in the 28 percent marginal tax bracket,their standard deduction for the year is $11,600 and they have no additional expenses that they can itemize,how much more did they save in taxes from home ownership?
A) $7,150
B) $5,194
C) $5,148
D) $2,002
Correct Answer:
Verified
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