Helen,who Is Single,is Considering Purchasing a Residence That Will Provide

question 82

Multiple Choice

Helen,who is single,is considering purchasing a residence that will provide a $28,000 tax deduction for property taxes and mortgage interest.If her marginal tax rate is 25% and her effective tax rate is 20%,what is the amount of Helen's tax savings from purchasing the residence?

• A)$5,600
• B)$7,000
• C)$21,000
• D)$22,400

---

Definitions:

Age Discrimination

The unfair treatment of individuals in the workplace based on their age, prohibited under various labor laws.

ADEA

The Age Discrimination in Employment Act (ADEA) is a federal law that aims to protect employees and job applicants 40 years of age and older from age-based discrimination in the workplace.

Equal Pay Act

Laws designed to eliminate differences in pay between genders by guaranteeing that both men and women are compensated equally for work of the same value.

Seniority System

An organizational practice where decisions on promotions, layoffs, and other employment actions are made based on the length of an employees’ service.