You Wish to Make a Charitable Contribution of $2,000 to a Qualified

question 23

Multiple Choice

You wish to make a charitable contribution of $2,000 to a qualified organization.You are currently in the 28 percent marginal tax bracket.By how much would this contribution lower your tax bill assuming your other itemized deductions exceed the standard deduction?

• A)$280.00
• B)$560.00
• C)$1,440.00
• D)$2,000.00

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Definitions:

ANOVA

Analysis of Variance, a statistical method used to compare means among three or more groups to see if at least one is different.

Mean Square

A statistical measure used to describe the dispersion of values in a data set, typically calculated by dividing the sum of the squares of deviations from the mean by the number of observations.

Error

In statistics, error refers to the difference between a measured or inferred value and its true value.

Variable

A characteristic of interest for the elements.