Assuming they are in 28 percent marginal tax bracket their, Cost Accounting

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Assuming they are in 28 percent marginal tax bracket their

Problem

John and Sarah bought a home last year and paid the following housing expenses during the year:

Mortgage interest $14,500
Mortgage principal $1,235
Property taxes $4,250
Homeowner's insurance $2,740
Maintenance $2,150
Utilities $3,900

Assuming they are in the 28 percent marginal tax bracket, their standard deduction for the year is $11,600 and they have no additional expenses that they can itemize, how much more did they save in taxes from home ownership?

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Cost Accounting: Assuming they are in 28 percent marginal tax bracket their

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Cost Accounting: Assuming they are in 28 percent marginal tax bracket their

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