Business, 10.11.2020 04:40 lauriepdx

Tax Savings. This month you made a mortgage payment of $720, of which $610 was an interest payment and $110 is a payment of the loan principal. You are in the 24% marginal tax bracket and you will itemize instead of taking the standard deduction. What are the tax savings as a result of this payment?
Your tax savings as a result of this payment is $
(Round to the nearest cent.)

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Tax Savings. This month you made a mortgage payment of $720, of which $610 was an interest payment a...

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