Keith and Joe both work for Google. They both make $89,000 and they also each have $3300 a year in childcare expenses. Keith deposits $3300 a year into a dependent care flexible spending account while Joe does not. They both have a tax rate of 26%. How much does Keith save vs. Joe in a given year?

Sue, aged 48 and Paul, aged 49 have two daughters- Leena aged 17 and Reena aged 15. Sue works as a part-time teacher in a secondary school and earns a $26,000 p.a. salary (plus minimum superannuation guarantee contribution).Paul works as a dentist and earns $145,000 (plus minimum superannuation guarantee contribution). Paul is anxious about their post-retirement financial situation. The couple has approached you for financial advice in respect of reducing the tax payable and their retirement planning. Superannuation Sue    (20% Tax Free) 270,000   Sue’s Superannuation asset allocation   Investment   Asset Allocation   Performance p.a. after tax   Australian Share   50%   4%   Cash & Fixed Interest   15%   1.4%   International Shares   30%   10.80%   Property   5%   3.10% Calculate the expected return for Sue’s superannuation portfolio using the return for the year ended 2022. Explain to Sue why her superannuation…

1/3 of Milo's money was 4/5 of Alan's money. If Milo gave $18 to Alan and he returned $4 to him a few days later, then both of them would have an equal amount of money left. How much did Milo have at first?

Donald Jefferson and his wife, Maryanne, live in a modest house located in a Los Angeles suburb. Donald has a job at Pittsford Cast Iron that pays him $50,000 annually. In addition, he and Maryanne receive $2,500 interest from bonds that they purchased 10 years ago. To supplement his annual income, Donald bought rental property a few years ago. Every month he collects $3,500 in rent from all of the property he owns. Maryanne manages the rental property, and she is paid $15,000 annually for her work. During 2015, Donald had to have the plumbing fixed in the houses that he rents as well as the house in which he and Maryanne live. The plumbing bill was $1,250 for the rented houses and $550 for the Jeffersons’ personal residence. In 2015, Donald paid $18,000 for mortgage interest and property taxes—$12,650 was for the rental houses, and the remaining $5,350 was for the house occupied by him and his wife. The couple has three children who have graduated from medical school and now are…

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Sahara is an enterprising young woman (age 14). Her math tutoring service will generate $8,400 this year. She has her prior taxed earnings ($7,500) invested in a convertible bond fund that will generate 5% interest and 6% capital gains this year. How much of her income is taxable?

At the start of the year, Josh has assets worth $500,000. He has debts worth $350,000. Over the year, he earns $200,000 of which he pays $50,000 in tax. He spends $50,000 on goods and services. He pays interest on his debt at 10% of $350,000. He pays off $30,000 of his debts.His assets go up in value by $25,000. What is his net worth at the end of year.

Sarah and Suzannah are friends who take turns babysitting each other's children every month or two. Jamie and Jenna are also friends who each own businesses. Jenna does Jamie's taxes each year in exchange for Jamie providing 10 hours of free consulting services to Jenna each year. Which of the following is true? a) Neither group of women has to recognize any income from these trades/exchanges b) Both groups of women have to recognize income from these trades/ exchanges c) Jamie and Jenna likely do not have to recognize any income from these exchanges but Sarah and Suzannah do d) Sarah and Suzannah likely do not have to recognize any income from these exchanges but Jamie and Jenna do

A mother earned $18750.00 from royalties on her cookbook. She set aside 20% of this for a down payment on a new home. The balance will be used for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) that earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is $900.00, how much money was invested at each rate? How much money was invested in the CD account? (Round to the nearest cent.) GILB

Joetta Hernandez is a single parent with two children and earns ​$67,500 a year. Her​ employer's group life insurance policy would pay 2.5 times her salary. She also has ​$90,000 saved in a​ 401(k) plan, ​$7,500 in mutual​funds, and a ​$4,500 certificate of deposit. She wants to purchase term life insurance for 15 ​years until her youngest child is​ self-supporting. She is not concerned about her outstanding​ mortgage, as the children would live with her sister in the event of​ Joetta's death. Assuming she can receive a 6 percent after-tax, after-inflation return on insurance​ proceeds, use the earnings multiple method to calculate her insurance need. How much more insurance does Joetta need to​ buy? What other information would you need to know to use the needs approach to calculate​ Joetta's insurance​ coverage?   Assuming she can receive a 6​% ​after-tax, after-inflation return on insurance proceeds and using the earnings multiple​ method, Joetta's insurance need is ​$_____