Katie pays $10,000 in tax-deductible property taxes. Katies marginal tax rate is 32%, average tax...
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Accounting
Katie pays $10,000 in tax-deductible property taxes. Katies marginal tax rate is 32%, average tax rate is 28%, and effective tax rate is 25%. Katie's tax savings from paying the property tax is:
$1,600
$2,500
$2,800
$3,200
$10,000
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