Assume your other itemized deductions exceed the standard deduction amount. On December 30, you decide to make a $1,800 charitable donation. a. If you are in the 27 percent tax bracket, how much will you save in taxes for the current year? Tax savings b. If you deposit that tax savings in a savings account for the next five years at 8 percent, what will be the future value of that account? Use Exhibit 1-A. (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value Partod 1% 8% 4% 7% 0% 1N 100 10 1D0 1000 1000 1000 1 1100 1110 L00 O 1.140 1.3 100 1081 10a3 1.12 1188 191 1.225 10 15 1331 1388 4 141 1.1 1.370 1000 1300 1404 1.051 1104 1.15 1217 1370 130 1403 1m 1 1011 1006 1130 1,00 1.104 1.000 1560 1419 1.801 187 177 1772 1870 1.072 1140 1 1290 1316 1407 1804 1800 1.714 182 190 200 1.003 1172 130 1477 1.804 171 181 2144 2308 104 1196 1306 1423 1.881 1000 1800 1909 2172 2306 2888 10 1.10 1210 1344 1A80 1.000 1.701 1007 2.150 2.04 11 1.11e 1243 1500 134 1.710 1000 2106 2580 2003 162 12 1.127 1208 1,42 1,700 1.001 2.012 2.22 281 2813 3138 13 1.130 1.294 1.005 1800 2.133 2410 2.720 3.000 3402 14 1.140 1319 1813 1.732 1.000 2.201 2.879 2.837 a342 3707 4310 15 1.181 1346 1,568 1.001 209 2307 2.759 3.172 3842 4.177 4785 10 1.173 1.373 1.006 1873 2.183 2540 2052 3425 1070 4006 6311 17 1.184 1400 1.063 1940 2.292 2.003 3.159 3700 4328 5.054 6.005 18 1.190 1428 1.702 2.000 2407 2.864 3000 800 4717 644 10 1208 1457 1.754 2.107 2527 3.000 3017 4310 5.142 6116 7.263 20 1,220 1.486 1.808 2.191 2083 3.207 3870 481 5.004 6727 8002 1282 25 2004 1.841 2.000 338e 4292 5427 6.848 8.623 10.835 13.50 30 1.348 1.811 2427 3.243 4322 5.743 7.012 10.003 13.268 17440 22802 40 1.480 3.262 2.208 4.001 7.040 10.200 14.974 21.725 45.259 31409 65.00 50 1.645 2.002 4384 7.107 11.407 18420 29.457 46.002 74.354 117.300 184.570 Perlod 12% 13 % 14 % 15% 16% 17% 18% 19 % 20% 25% 30% 1 1.120 1.90 1.140 1.150 1.160 1.170 1.180 1.190 1200 1250 1300 2 1.254 1.277 1.300 1323 1346 1.300 1392 1.415 1.440 1.563 1.000 3 1405 1443 1482 1521 1501 1.602 1643 1.685 1.728 1.953 2197 4 1.574 1.030 1.600 1.740 1.811 1.874 1.939 2006 2.074 2.441 2.856 1.762 1.842 1.925 2.011 2.100 2.192 2.28 2380 2488 3.062 3713 6 1.974 2082 2.106 2313 2.436 2.506 2.700 2.840 2900 4.827 3.815 7 2211 2353 2.502 2.060 2826 3.001 3185 3.379 3.583 4.768 6.276 2.A70 2.668 3069 263 3278 3.511 3759 4.021 4300 5.000 8157 2.773 3.252 3004 3518 3.803 4.108 4435 4,785 TA51 5.160 10.004 10 3.106 3305 3707 4.046 4411 4807 5.234 5.000 6.192 9313 13.786 11 3479 3.836 4226 4652 5.117 5624 6176 6777 7430 11.642 17.922 12 3.890 4335 4818 5.350 5.936 6.580 7.28 8.064 8.916 14.552 23.290 13 4363 4800 5492 6.153 6.880 7.800 8.599 9506 10.600 18.190 30.288 14 4.887 5.535 6.261 7.076 7.988 9.007 10.147 11.420 12.830 22.737 28.422 39.374 15 5474 6254 7.138 8.137 9266 10.539 11.974 13.500 15.407 51.186 16 6.130 8.137 7.067 9.358 10.748 12.330 14.129 16.172 18.488 35.527 06.542 17 6800 7986 9.276 10.761 12468 14.426 16.672 19.244 22.186 44,409 86.504 18 7.690 9.024 12.375 10.575 14.463 16.879 22.001 19.673 26.623 55.511 112.460 19 10.197 8.613 14.232 12.056 16.777 19.748 27.252 23.214 31.948 69.38k 146 190 9.646 20 11.523 13.743 19.461 16.367 23.100 27.393 32.429 38.338 86.736 190.050 17.000 25 21.231 50.658 25.462 32.919 40874 62.000 77.388 95.390 264.700 705.640 30 29.960 39.116 50.950 66.212 85.850 111.070 143370 184.600 807.790 237.380 2,620.000 40 93.051 132.780 188880 750 380 1,051.700 1,0800 1,063.700 1,670 700 2 56 200 3,927 400 5,008.000 9,100.400 267800 378.720 533870 7523.200 36,119.000 50 280.000 450740 700.230 70,005.000 497,009.000 O Type here to search
