Mable is a wealthy widow who has come to you for tax advice. She is in the 35 percent tax bracket. She has a choice between investing in a high-quality municipal bond paying 3.5 percent or a high-quality corporate bond paying 7 percent. From a tax standpoint, which investment would you advise her to make and why? Please show your work.

Kim and Kayne have been dating for years and are now thinking about getting married. As a financially sophisticated​ couple, they want to think through the tax implications of their potential union. a. Suppose Kim and Kanye both earn ​$65,000 ​(so their combined income is ​$130,000​). Using the tax bracket information Data table ​(Click the icon here    in order to copy the contents of the data table below into a​ spreadsheet.)     TABLE​ 1.2: Federal Income Tax Rates and Brackets for Individual Returns​ (2018)         Tax Rates   Taxable Income Taxes ​10.0%   ​$0 to​ $9,875 ​10% of taxable income ​12.0%   ​$9,876 to​ $40,125 ​$987.50, plus​ 12% of the amount over​ $9,876 ​22.0%   ​$40,126 to​ $85,525 ​$4,617.50, plus​ 22% of the amount over​ $40,126 ​24.0%   ​$85,526 to​ $163,300 ​$14,605.50, plus​ 24% of the amount over​ $85,526 ​32.0%   ​$163,301 to​ $207,350 ​$33,271.50, plus​ 32% of the amount over​…

Cc.50.

Nadine’s mom and dad are not financially literate, and so Nadine would like you to assist her parents with their situation: Her parents want to know how they can minimize their income tax cost for the current year 2021? What is the maximum tax that can be saved? Here is what her parents’ situation looks like: They are a married couple currently 68 years of age and retired. They have the following incomes for the current year: Dad   Mom CPP $9,600    $4,800 OAS $7,400    $7,400 DB Pension $68,200 N/A RRIF N/A $8,000   Assume that their marginal tax rates are to be 20% up to $ 49,030 and on income between $49 000 and $97,000 assume 30%. Once again, they want to know how they can minimize their income tax cost for the current year 2020? What is the maximum tax that can be saved?