You interviewed a new client and these were the facts provided. Provide them with a brief explanation of tax reason for each. Stacy is a $3$ rd grade teacher in the local school and earns a salary of $$45,000.$ Her Federal

withholding for the year was $$8000,$

$$2790$ and Medicare $$729.$ She had a retirement account contribution of $$5,000.$ Stacy

spent $$450$ for a special school project for her students that were not reimbursed by the

school.