Michele Barbour is considering an additional charitable contribution of $2,000 to a tax-deductible charity, bringing her total itemized deductions to $16,000. If Michelle is in a 28 percent tax bracket, how much will this $2,000 contribution reduce her taxes?
A) nothing
B) $560
C) $1,600
D) $2,000
E) $4,480
Answer: B) $560
Business
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