Ace Steven and Florence Szpanka have known each other for a few years and plan to get married the year after next. Ace earns $74,000 annually as an assistant manager in a copper mining plant. He also earns about $20,000 per year selling jewelry that he designs at craft shows held just about every month in various nearby cities. Soon after they marry, Ace plans to take a year off to go back to college full time to finish the last year of his undergraduate degree. Florence earns $78,000 annually working as an institutional sales representative for an insurance company. Both Ace and Florence each contribute $100 per month to their employer-sponsored 401(k) retirement accounts. Ace has little additional savings, but Florence has accumulated $18,000 that she wants to use for a down payment on a home. Florence also owns 300 shares of stock in an oil company that she inherited 6 years ago when the price was $90 per share; now the stock is worth $130 per share. Ace and Florence live in a state where the state income tax is 6 percent. What would you recommend to Ace and Florence on the subject of managing income taxes regarding: 1. Using tax credits to help pay for Ace's college expenses? 2. Determining how much money Florence will receive if she sells the stocks? 3. Buying a home? 4. Increasing contributions to their employer-sponsored retirement plans? 5. Establishing a sideline business for Ace's jewelry operation