$1.$ Consider the following information concerning state taxes in Nebraska for $20203$:

State Individual Income Tax Rates and Brackets for $2023$

State

Single Filer

Rates Brackets

Married Filing Jointly

Rates Brackets

Standard Deduction

Single Couple

Personal Exemption

Single Couple Dependent

Nebr

$2\mathrm{.}46\%>$ $$0$

$2\mathrm{.}46\%>$ $$0$

$$7,900$ $$15,800$

$$157$

$3\mathrm{.}51\%>$ $$3,700$

$3\mathrm{.}51\%>$ $$7,390$

$5\mathrm{.}01\%>$ $$22,170$

$5\mathrm{.}01\%>$ $$44,350$

$6\mathrm{.}64\%>$ $$35,730$

$6\mathrm{.}64\%>$ $$71,460$

Determine how much Tom owes in Nebraska state taxes if he makes $$54,590$ gross salary per year. Assume he will only use the standard deduction and personal exemption.

$2.$Pam decides to take out a $$185,000,20-$year mortgage at $4\mathrm{.}02\%$ with monthly payments. If she puts down $15\%,$ fill in all blanks of the amortization schedule. Show all work. Use the back of this sheet if necessary.

Payment Payment Interest Principal Principal

No$.$ Amount Paid Paid Remaining

$0$

$1$