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What is his tax savings from this deduction

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Problem - Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is his tax savings from this deduction?

Reference no: EM132865405

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What is his tax savings from this deduction : Gary's marginal tax rate is 15% and he pays property taxes of $8,000 per year as part of his total itemized deductions. What is his tax savings
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