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Katie pays $10,000 in tax-deductible property taxes. Katies marginal tax rate is 32%, average tax...

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Accounting

  1. 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. $1,600
    2. $2,500
    3. $2,800
    4. $3,200
    5. $10,000

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