Use the CCH IntelliConnect Practice Tools to answer the following questions:

a. Selecting the Federal Taxes heading, determine whether it is more cost effective to buy or lease an auto.

The purchase price of the auto is $45,000, the loan term is 36 months, and the interest rate is 8 percent.

The lease term is 60 months, and value at the end of the lease term is $10,000. For any other information requested, provide reasonable estimates. Print results.

b. Selecting the Sales and Property Tax heading, how long can the dormancy period be for a bank account in the state where your college is located?

c. Selecting Financial and Estate Planning, compare investing in a Traditional versus a Roth IRA based on fictitious information you provide. Print results.