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Perry bell paid 6438 of state and local property tax this


Perry Bell paid $6,438 of state and local property tax this year. Compute the after-tax cost of these payments assuming:

a. Perry doesn't itemize deductions on his Form 1040.

b. Perry itemizes deductions, has a 33 percent marginal tax rate on regular taxable income, and didn't pay AMT.

c. Perry itemizes deductions, has a 25 percent marginal tax rate on regular taxable income, and paid $4,875 AMT.

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Financial Management: Perry bell paid 6438 of state and local property tax this
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