Answer:
Tax reduction will be equal to $1,680.
Explanation:
Michele Walsh is single, is in a 35 percent tax bracket, and is not subject to a phase out of deductions.
She is considering an additional charitable contribution of $4,800 to a tax-deductible charity.
Reduction in taxes
= [tex]Contribution\ \times\ tax\ percentage[/tex]
= [tex]\$ 4,800\ \times\ \frac{35}{100}[/tex]
= $1,680
