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What is the amount of helen''s tax savings

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Question - Helen, who is single, is considering purchasing a residence that will provide a $28,000 tax deduction for property taxes and mortgage interest. If her marginal tax rate is 25% and her effective tax rate is 20%, what is the amount of Helen's tax savings from purchasing the residence?

$5,600.00

$7,000.00

$21,000.00

$22,400.00

Reference no: EM131806960

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