Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home.If her standard deduction is $6,100 and she incurs the following costs related to housing,how much tax savings will she receive as a result of her home purchase?
A) $13,250
B) $ 5,040
C) $ 3,332
D) $ 2,800
E) none

Question

Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home.If her standard deduction is $6,100 and she incurs the following costs related to housing,how much tax savings will she receive as a result of her home purchase? 
A) $13,250 
B) $ 5,040 
C) $ 3,332 
D) $ 2,800 
E) none

Quizplus · Accepted Answer

The Answer of Jackie is in the 28% marginal tax bracket and has no other itemized deductions except those related to her home.If her standard deduction is $6,100 and she incurs the following costs related to housing,how much tax savings will she receive as a result of her home purchase? 
A) $13,250 
B) $ 5,040 
C) $ 3,332 
D) $ 2,800 
E) none

Jackie Is in the 28% Marginal Tax Bracket and Has