c. Debbie and Jan are both in the 28% tax bracket. Since the interest is deductible, how much would Debbie and Jan each save in

Question

3 years ago

8

taxes? (Round your answers to the nearest cent.)

1 answer:

alisha [4.7K] · Answer 1 · 2022-04-23T21:44:11+03:00

7 0

Step-by-step explanation:

Let's assume Debbie paid $1700 in interest, while Jan paid $9000.

Debbie Saves = $1700* 0.28

Jan Saves = $9000 * 0.28

Debbie Saves $476 in taxes

Jan Saves $2520 in taxes