Shara's 2014 Taxable Income Is $42,000 Before Considering Charitable Contributions

question 23

Multiple Choice

Shara's 2014 taxable income is $42,000 before considering charitable contributions. Shara is a single individual. She makes a donation of $5,000 to the American Heart Association in December 2014. By how much did Shara's marginal tax rate decline simply because of the donation?

• A) 0%
• B) 7%
• C) 3%
• D) 5%
• E) 10%

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Definitions:

Permafrost

Permanently frozen ground, usually occurring in the tundra, a biome of Arctic regions.

Little Rainfall

A climatic condition characterized by low precipitation over a period of time, which can influence ecosystems, agriculture, and water resources.

Reindeer

A large type of deer living in the Arctic and Subarctic regions known for their migration in large herds and their domestication in some areas.

Characteristic Climate

The average weather conditions, including temperature, precipitation, and wind, typically found in a particular region over a long period.