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Sally is a 30-year old single taxpayer in the 27 percent marginal tax bracket.

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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
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Finance-7600421.doc

Sally is a 30­year 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...

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