Wednesday
March 22, 2017

Post a New Question

Posted by on Monday, August 27, 2012 at 8:53pm.

George and Margaret Wealthy are in the 48 percent tax bracket, considering both federal and state personal taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively pursuing the couple to contribute $500,000 to the hospital's soon-to-be-built Cancer Care Center. Without the contribution, the Wealthy's taxable income for 2008 would be $2 million. What impact would the contribution have on the Wealthy's 2008 tax bill?

  • Healthcare Finance - , Monday, August 31, 2015 at 12:53pm

    .48 * 500000 = X
    2000000-X= Taxable income for 2008

  • Healthcare Finance - , Saturday, July 9, 2016 at 7:58pm

    3810000

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question