Given the following information, would it be better for Illinois resident Salem Marcos to itemize her sales
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Federal taxable income …………………… $47,900
Federal marginal income tax rate …………. 25%
State taxable income ……………………… $41,250
State marginal income tax rate …………… 3%
Total sales tax paid ………………………. $1,300
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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