What would be his tax bill if he makes the contribution

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Reference no: EM13951911

Assume that Reginald Worthington, who pays 40 percent in income taxes, plans to contribute $100,000 to not-for-profit Ravenswood Community Hospital. Without the contribution, his tax bill would be $500,000. What would be his tax bill if he makes the contribution?

a. $480,000

b. $460,000

c. $440,000

d. $380,000

Reference no: EM13951911

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