Lee's 2013 Taxable Income Is $88,000 Before Considering Charitable Contributions

question 118

Multiple Choice

Lee's 2013 taxable income is $88,000 before considering charitable contributions.Lee is a single individual.She makes a donation of $10,000 to the American Heart Association in December 2013.By how much did Lee's marginal tax rate decline simply because of the donation?

• A)0%
• B)10%
• C)3%
• D)5%
• E)8%

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