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:

Older Adult

An individual who has reached an advanced stage of life, typically characterized by retirement age or senior citizen status.

Respiratory Rate

The number of breaths a person takes per minute, which is a vital sign used to assess respiratory function.

Narcotic Analgesic

A class of medications that are used to provide relief from severe pain by acting on the central nervous system.

Hypothermic

Pertaining to or suffering from hypothermia, a condition where the body's core temperature falls below the required temperature for normal metabolism and body functions.