What is jims after-tax cost of his house payment

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Question: Jim has a house payment of $1,740 per month of which $1,479 is deductible interest and real estate taxes with the remaining $261 representing a repayment of the principal balance of the note. Jim's marginal tax rate is 25 percent. What is Jim's after-tax cost of his house payment?

Reference no: EM133633513

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