Taxes affect financial planning. Go to an Internet site such as the IRS website (www.irs.ustreas.gov) and answer the following questions. Other possible sites include TurboTax (turbotax.intuit.com) or 1040.com (www.1040.com).

a) What are the marginal tax brackets for a single individual and for a couple filing a joint return if their taxable incomes are $50,000, $75,000, or $150,000?

b) What is the maximum amount that taxpayers can contribute to a Roth IRA?

c) What are the current maximum rates on short-term and long-term capital gains?

d) Are contributions to your college's alumni fund tax deductible?