Tom paid 10k in mortgage interest and 4k in property taxes, Ask an Expert

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Tom paid $10k in mortgage interest and $4k in property taxes last year. His average tax rate is 20%, his marginal tax rate is 33%.

Compute Tom's tax shield from the mortgage interest and property tax deduction.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92868328

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