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Assets: Monthly Expenses: Checking Account $1,350 Rent obligation $275 Savings Account (Interest earned last year: $ 139 ) $6,950 Utilities $95 Emergency fund savings account
| Assets: | Monthly Expenses: | ||
|---|---|---|---|
| Checking Account | $1,350 | Rent obligation | $275 |
| Savings Account (Interest earned last year: $ 139 ) | $6,950 | Utilities | $95 |
| Emergency fund savings account (Interest earned last year: $ 65 ) | $3,250 | Food | $160 |
| IRA balance ($ 310 contribution made last year) | $344 | Gas/maintenance | $105 |
| Car | $3,900 | Credit card payment | $0 |
| Liabilities: | Savings: | ||
| Student loan | $5,500 | Regular savings monthly deposit | $170 |
| Credit card balance (Interest paid last year: $ 24 ) | $400 | Rainy day savings monthly deposit | $50 |
| Income: | Entertainment: | ||
| Gross monthly salary | $2,300 | Cake decorating class | $50 |
| Movies with friends | $40 |
correct, with a taxable income of 16,794 and filing as single, jamie lee's marging tax rate is 12% how much income tax would jamie pay?(round to the nearest dollar)
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
