Publicité
I-3-58 Assume that it is december 31- and that jake is considering mka.docx
Prochain SlideShare
Identify at least one area of consideration that new business face whe (1).docxIdentify at least one area of consideration that new business face whe (1).docx
Chargement dans ... 3
1 sur 1
Publicité

Contenu connexe

Plus de rtodd409(20)

Publicité

I-3-58 Assume that it is december 31- and that jake is considering mka.docx

  1. I:3-58 Assume that it is december 31, and that jake is considering mkaing a $1000 charitable contribution. Jake currently is in the 39.6% tax bracket, but expects that his tax bracket will be 28% next year. How much more will the deduction for the contribution be worth if it is made today compared to next year? (Ignore any phase-outs of itemized deductions) Prentice Hall's Federal Taxation 2015 textbook, I:3-58 Solution Solution. The jake is in 39.6% tax bracket so due to this he can save theire regular tax @39.6% due to charitable contribution. But whe he came under 28% Tax bracket he can only save 28% of theire regular tax bracket. Therefore he can contribution be worth if it is made today compared to next year is 11.6% more.
Publicité