Answer:
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Answer:
$4,424
Explanation:
Calculation to determine what amount would you have lowered your federal income tax
Using this formula
Reduction in Federal income tax amount = (Mortgage interest + Real estate taxes) x Tax rate
Let plug in the formula
Reduction in Federal income tax amount= ($13,200 + 2,600) x 0.28
Reduction in Federal income tax amount=$15,800×0.28
Reduction in Federal income tax amount = $4,424
Therefore The amount that you would have lowered your federal income tax is $4,424
The price of one bag of granola is $2.
<h3>
What is an Equation</h3>
An equation is an expression that is used to show the relationship between two or more variables and numbers.
Let x represent the number of sport drink, y for banana drink and z for granola drink, hence:
x + y + 2z = 7.5 (1)
Also:
2x + 2y + 2z = 11 (2)
And:
x + 3z = 8.5 (3)
Hence:
x = 2.5, y = 1 and z = 2
The price of one bag of granola is $2.
Find out more on Equation at: brainly.com/question/1214333
Answer:
Explanation:
Credit card refinancing involves moving the balance from one credit card on to another credit card with a lower interest rate to save money. Debt consolidation focuses on combining several sources of debt into one account with a single monthly payment. While both can save money on interest, debt consolidation is more about reducing the number of accounts into a single personal loan.