3. Priyanka paid $8,000 in mortgage interest. Priyanka's marginal tax rate is 22%, effective tax rate is

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3. Priyanka paid $8,000 in mortgage interest. Priyanka's marginal tax rate is 22%, effective tax rate is 15%, and average tax rate of 19%. Assuming that Priyanka uses itemized deductions for other reasons anyways, her tax savings from the mortgage interest deductions is: a. $1,520 b. $1,760 c. $1,200 d. $1,600

Posted Date: May 18, 2024 08:14 AM

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3. Priyanka paid $8,000 in mortgage interest. Priyanka's marginal tax rate is 22%, effective tax rate is

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