Sally is a 30-year old single taxpayer in the 27 percent marginal tax bracket. Assuming Sally's standard deduction is $4,700 and she has itemized deductions totaling $6,500, Sally should take the ______ for a tax savings of ______.
A) standard deduction; $1,800
B) itemized deduction; $486
C) itemized deduction; $1,800
D) standard deduction; $486
Dear Student Please find... View the full answer