1. Lucy expects taxable revenues of $68,000 in the current year. Her adjustments to revenues are projected to be $3,000 this year. Her deductions and exemptions are projected at $23,000. There is no state income tax where Lucy resides. What is her federal tax under an assumed 20% average tax bracket? 2. Heather expects taxable revenues of $123,450 in the current year. Her adjustments to revenues are projected to be $13,430 this year. Her deductions and exemptions are projected at $45,300. There is no state income tax where Heather resides. What is her federal tax under an assumed 30% average tax bracket? 3. If the tax on the next dollar earned is $24, the next dollar earned is $60, the total income tax outlay is $30,000, and the taxable income is $120,000, what is the marginal tax bracket? 4. Please list and explain eight tax planning strategies