Reference no: EM13824940
Problem-
Career Woman Salary: $100,000
Child1 (A12) Student
401k Maximum contribution
Mortgage $200,000 @4%, 30 year
Child Care Expense $5,000
Disability Insurance $3,000
Health Insurance $6,000
Real Estate Tax $6,000
Charitable Contributions $3,000
Goals:
• College Savings
• Retirement
What is their current tax situation?
What would you recommend?
Additional information-
This problem belongs to Accounting and find what is their current tax situation in the given problem.
Word limit- 500.
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