You are the financial advisor of Amanda and Carlos Gonzales, who came to get advice from your financial advising firm. They have specific questions for you, but your method is to look at their financial situation first and you ask many questions about their assets and debt, their retirement plan at work, and much more. Because of all of your questions, they tell you the following: - They graduated from college four years ago and they have good jobs, but none of them has paid any attention to their finances. - Amanda has $28,000 in student loans charging an APR of 7% but Carlos, who is a Navy veteran, was able to use his Gl bill to pay for his nursing school tuition. - Amanda works for a marketing firm and is making $76,000 a year. - Carlos works as a registered nurse and is making $90,000 a year. The hospital has offered him a promotion to become a charge nurse, with increased responsibilities to oversee the floor or unit, and comes with a 15% salary increase. He has not accepted the offer yet, as he's concerned about the tax implications of the raise. - Amanda's marketing firm is small and offers no retirement benefits, whereas Carlos has a defined benefit pension plan through the hospital. - Amanda and Carlos have a three-year old child, and do not have life or disability insurance in place. They don't have a will either. - They have a total of $40,000 in their checking and savings accounts. They have this cash available for emergencies as well as a down payment for a home. - The couple has begun working with a realtor to find a home, and estimate they can afford a $500,000 home. They came to see you because they have the following questions below. Provide recommendations for each question, including an explanation of WHY the recommendation is appropriate for their situation. In other words, your answer must be persuasive/convincing for the couple to follow. You MUST use the textbook material as the basis of your explanation to demonstrate your understanding of the material. You must answer ALL of the following questions. Question 1 20 pts Based on their current financial situation (including the promotion and salary increase being offered to Carlos), explain to the couple what their tax bracket as a married couple filing.jointly looks like BEFORE and AFTER the promotion (if Carlos accepts in 2022). Note: the couple does not understand how tax brackets work, which is why Carlos is hesitant to accept the promotion. Then explain two (2) tax planning strategies you would recommend to Amanda and Carlos to reduce their taxes, by explaining what the strategies are and why the couple would benefit from these strategies (e.g. how it will save them money)