14. On December 30, you make a $3,000 charitable donation. (LO3.4) a. If you are in the...

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14. On December 30, you make a $3,000 charitable donation. (LO3.4)

a. If you are in the 28 percent tax bracket, how much will you save in taxes for the current year?

b. If you deposit that tax savings in a savings account for the next five years at 8 percent, what will be the future value of that account?

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 11:01 AM

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14. On December 30, you make a $3,000 charitable donation. (LO3.4) a. If you are in the...

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Focus On Personal Finance

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