On December 30, you make a $5,100 charitable donation. a. If you are in the 35 percent tax bracket, how much will you save in taxes for the current year? (Assume your other itemized deductions exceed the standard deduction amount.) Tax savings b. If you deposit that tax savings in a savings account for the next seven years at 9 percent, what will be the future value of that account? Use Exhibit 1-A. (Round FV factor to 3 decimal places. Round your answers to 2 decimal places.) Future value 5% Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.641 1.811 2.208 2.692 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 2.427 3.262 4.384 4% 1.040 1.082 1.125 1.170 1.217 1.265 1.316 1.369 1.423 1.480 1.539 1.601 1.665 1.732 1.801 1.873 1.948 2.026 2. 107 2.191 2.666 3.243 4.801 7.107 1.050 1.103 1.158 1.216 1.276 1.340 1.407 1.477 1.551 1.629 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.407 2.527 2.653 3.386 4.322 7.040 11.467 6% 1.060 1. 124 1.191 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898 2.012 2. 133 2.261 2.397 2.540 2.693 2.854 3.026 3.207 4.292 5.743 10.286 18.420 7% 1.070 1.145 1.225 1.311 1.403 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 5.427 7.612 14.974 29.457 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.316 4.661 6.848 10.063 21.725 46.902 9% 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2.367 2.580 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 8.623 13.268 31.409 74.358 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 6.727 10.835 17.449 45.259 117.390 11% 1.110 1.232 1.368 1.518 1.685 1.870 2.076 2.305 2.558 2.839 3.152 3.498 3.883 4.310 4.785 5.311 5.895 6.544 7.263 8.062 13.585 22.892 65.001 184.570 in 14% 1.140 1.300 1.482 Period 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 12% 13% 1.120 1.130 1.254 1.277 1.405 1.443 1.574 1.630 1104 1.762 2012 1.842 1.974 2.082 2.211 2.353 12 2.476 2.658 2. 2.773 2009 3.004 3.106 3.395 31395 3.479 3.836 3.896 4.335 4.363 4.898 4.887 5.535 655 5.474 6.254 6.130 7.067 7 6.866 7.986 7.690 9.024 613 10.197 9.646 11.523 17.000 21.231 29.960 39.116 93.051132.780 1.689 1.925 2.195 2.502 2.853 3.252 3.707 20 22 4.226 4.818 5.492 6.261 7. 138 8.137 9.276 TO 10.575 12.056 13.743 26.462 50.950 188.880 50 55 STA 15% 1.150 1.323 1.521 1.749 2 2.011 2.313 2.660 3.059 2510 3.518 4.046 4.652 5.350 6.153 7.076 8.137 9.358 10.761 12.375 143 14.232 16.367 32.919 66.212 267.860 16% 1.160 1.346 1.561 10 1.811 2.100 . 2.436 0227 2.826 3.278 3.803 4.411 ** 5. 117 5.936 6.886 7.988 9.266 10 10.748 12.468 14.463 16 16.777 19.461 40.874 85.850 378.720 17% 1.170 1.369 1.602 1.874 2. 192 12 2.565 3.001 3.511 4.108 4.807 5.624 6.580 20 7.699 9.007 10.539 12.330 Tom 14.426 16.879 19.748 23.106 50.658 111.070 533.870 18% 1.180 1.392 1.643 1.939 2.288 140 2.700 3.185 3.759 4.435 5.234 SA 6.176 7.288 8.599 10.147 11.974 14.129 12 16.672 19.673 de 23.214 27.393 62.669 143.370 750.380 19% 1.190 1.416 1.685 2.005 2.386 S 2.840 3.379 4.021 4.785 5.696 1020 6.777 8.064 2009 9.596 11.420 100 13.590 P24 20% 1.200 1.440 1.728 2.074 2.488 1.100 2.986 41200 3.583 4.300 5.160 0.194 6.192 7.430 8.916 0.210 10.699 10.07 12.839 15.407 13.40% 18.488 18.488 22.186 26.623 31.948 38.338 95.396 237.380 1.469.800 25% 1.250 1.563 1.953 2.441 3.052 22 3.815 SO 4.768 5.960 20 7.451 9.313 11.642 14.552 18.190 22.737 28.422 35.527 44.409 55.511 30% 1.300 1.690 2.197 2.856 3.713 4.827 0:20 6.276 01234 8.157 10.604 0.009 13.786 17.922 23.298 30.288 39.374 EU 51.186 66.542 86.504 os 112.460 146.190 190.050 705.640 2.620.000 36. 119.000 16.172 69.389 19.244 22.091 27.252 32.429 77.388 184.680 1.051.700 86.736 264.700 807.790 7.523.200