Mariatu pledged $30,000 to a church's special projects fund. Mariatu can make the contribution in...

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Accounting

Mariatu pledged $30,000 to a church's special projects fund. Mariatu can make the contribution in December 2024 or January 2025. Mariatu is in the 35% tax bracket in 2024 and in the 24% bracket in
Mariatu itemizes deductions in both years. Assume that the discount rate is 5% and the present value factor for this rate for 1 period is 0.9524. How much will Mariatu save by taking the deduction in
2024?
a. $10,500
b. $0
C. $6,857
d. $3,643
e. $30,000
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