1. 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.

Pam decides to take out a $185,000, 20-year mortgage at 4.02% with monthly payments. If she puts down 15%, fill in all blanks of the amortization schedule. Show all work.

Payment # payment amount Interest paid Principal paid Principal Remaining

1.

2.