What is the after-tax cost in 2013 of deductible interest expense of $9,000 and property taxes of

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What is the after-tax cost in 2013 of deductible interest expense of $9,000 and property taxes of $2,500 for a single taxpayer with gross income of $80,000? The taxpayer's only other itemized deduction is a $2,000 charitable contribution.

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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 22, 2016 03:33 AM

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What is the after-tax cost in 2013 of deductible interest expense of $9,000 and property taxes of

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The aftertax cost of the interest expense and property taxes is 9650 A tax savings on...View the full answer

Taxation For Decision Makers 2014

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