Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 18, Problem 1P

(a)

To determine

Cost of $100 charitable contribution for a person belonging to the top tax bracket under tax laws of 2012.

(b)

To determine

Cost of charitable contribution when the tax rate is reduced to 39.6%.

(c)

To determine

Cost of charitable contribution when there is a cap on itemized deductions.

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