Based on this information what is anns total income tax


Ann’s average income tax rate is 30%, and her marginal income tax rate is 35%. Her property tax bill for 2015 was $4,000 and her total interest payment on her mortgage was $4,500. Based on this information, what is Ann’s total income tax shield (i.e. how much is Ann saving on her income taxes)? Solution is 2,975. Need help on learning how to get it.

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Financial Management: Based on this information what is anns total income tax
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