John is planning for his retirement in 40 years. He plans to invest an equal amount for the next 40 years in order to have $600,000 available for retirement. John is planning on earning 6% annually on his investment. How much will he need to invest annually to meet his goal? Carla Tortelli was divorced last year. She currently provides a home for her 15-year-old son Anthony. Anthony lived in Carla's home for the entire year, and Carla paid for all the costs of maintaining the home. She received a salary of $59,130 and contributed $3,686 of it to a qualified retirement account. She also received $4,925 of alimony from her former husband. Finally, Carla paid $19,472 of expenditures that qualified as itemized deduction. What is Carla's taxable income? Derek and Meredith are married and earned salaries this year of $55,042 and $57,079, respectively. In addition to their salaries, they received interest of $823 from municipal bonds and $1,096 from corporate bonds. Meredith contributed $2,326 to an individual retirement account, and Derek paid alimony to a prior spouse in the amount of $4,179. In addition, they paid $25,383 of expenditures that qualify as itemized deductions, What is Derek and Meredith's For AGI Deductions? Texas Lottery Inc. has decided to offer winners a choice of $115,000 in 5 years or some amount currently. Assume that Texas Lottery Inc. earns a 10 percent after-tax rate of return. What amount should the Lottery offer lottery winners currently, in order for them to be indifferent between the two choices? Ava, a single taxpayer, earns $120,280 in taxable income and $14,970 in interest from an investment in City of San Antonio bonds. What is Ava's average tax rate? $_ Answer as a percentage, rounded 2 decimals. If your calculation is .1111, answer 11.11