On December 30, you decide to make a $1,000 charitable donation. (Obj. 4) a. If you are

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On December 30, you decide to make a $1,000 charitable donation. (Obj. 4)

a. If you are in the 27 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: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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