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Toby, a Single Taxpayer with No Dependents,made the Following Cash  Salvation Army $3,000 Church 2,000\begin{array} { l r } \text { Salvation Army } & \$ 3,000 \\\text { Church } & 2,000\end{array}

question 39

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Toby, a single taxpayer with no dependents,made the following cash contributions during the current year.
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 Salvation Army $3,000 Church 2,000\begin{array} { l r } \text { Salvation Army } & \$ 3,000 \\\text { Church } & 2,000\end{array}
Toby's AGI is $100,000 and is in the 22% marginal tax rate. In addition to the expenditures described above, his only other qualified itemized deductions are home mortgage interest of $6,000 and property taxes of $2,000. What is the after-tax cost to Toby of his charitable contributions?


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Independent Events

Two or more events where the occurrence of one does not affect the probability of the others occurring.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).

Babies Born

Refers to the count or statistics related to the birth of infants within a specific time frame or area.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the others.

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