Marla and Joe are a married couple who are very thrifty and generous, donating 10 percent of
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Marla and Joe are a married couple who are very thrifty and generous, donating 10 percent of their income to various charities.They have no itemized deductions except their charitable contributions and normally file a joint income tax return.
In 2007 their income is $90,000 and it is expected to increase to $93,000 in 2008.
During 2007, they have saved the requisite $9,000 and are deciding how to distribute it to their chosen charities. Can you suggest a strategy to minimize their taxes? Assume that the standard deduction and tax rates schedules do not change in 2008.
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Related Book For
Taxation For Decision Makers 2008
ISBN: 9780324654110
2nd Edition
Authors: Shirley Dennis-Escoffier, Karen A. Fortin
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