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On December 28,2017,Doris and Dan Are Considering One Last Financial

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Essay

On December 28,2017,Doris and Dan are considering one last financial decision for 2017,a contribution of $1,000 to the American Diabetes Association.If they make the $1,000 contribution,it will be fully deductible on their 2017 income tax return.Their filing status is married filing jointly.Their 2017 taxable income before this contribution is $150,000.If they make this contribution,what is its after-tax cost?


Definitions:

Oxygen

A chemical element (O) essential for most forms of life on Earth, vital for cellular respiration in organisms.

Friction

The resistance encountered when one object is moved in contact with another.

Pressure

The force exerted per unit area on the surface of an object, often measured in atmospheres, Pascals, or mmHg.

Callus

Thickened area of skin caused by repeated friction or pressure, or the healing tissue over a bone fracture.

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