Albert is feeling really good about his visit with you right now and has asked you to help give him a head start on his tax planning for next year. He provides you with the below estimates for next years planning purposes:

Monthly W-2 wages $6,000

Ordinary dividends $50 per month

401(k) contribution rate 15% of monthly wages

Student loan interest $150 per month

Health savings account rate 2% of monthly wages

Tax filing status Single, standard deduction

2019 federal taxes paid $6,000

You collect this information and begin the planning process. Your first step is to determine the following for Albert:

What is his annual W-2 wage projection?

What is his annual dividend projection?

What is his annual student loan interest projection?

How much will he contribute to his 401(k) qualified plan next year?

How much will he contribute to his HSA next year?