Jason did some tax planning, because he had a large gain on the sale of amazon stock. He calculated that he would be in the 33% marginal tax bracket in the current year as compared with his normal 28%. He decided to make his charitable contribution of $5,000 in December instead of his normal practice of doing it in March of the following year. He also shifted his overtime by one week, so he would pay his $3,000 in January instead of December. How much more money would he save? Show work

Jason did some tax planning, because he had a large gain on the sale of amazon stock. He calculated that he would be in the 33% marginal tax bracket in the current year as compared with his normal 28%. He decided to make his charitable contribution of $5,000 in December instead of his normal practice of doing it in March of the following year. He also shifted his overtime by one week, so he would pay his $3,000 in January instead of December. How much more money would he save? Show work

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 52P

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