Charlotte pays $8,000 in tax deductible property taxes. Charlotte's marginal tax rate is 24%, effective tax rate is 20% and average rate is 22%. Charlotte's tax savings from paying the property tax is
A. $1,920.
B. $1,600.
C. $1,760.
D. $8,000.
Answer: A
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Answer the following statement true (T) or false (F)