Ch 4 Case - Chapter 4 Financial Planning Case 1 Erics major...

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Chapter 4 Financial Planning Case 1. Eric’s major financial concern in his current situation? The cost of child care services he is using to take care of his daughters. Also college education fund and retirement funds are not offering any tax benefits, minimal tax withheld for federal income taxes all year long is causing Eric high payments for Income taxes in April. 2. In what ways might Eric improve his tax planning efforts? Eric should improve his financial situation by starting to withhold more taxes every pay period that minimal payments so that he can avoid high payments for income taxes in April. Also, He should set out a flexible schedule or get another job that will give him good hours, so he can spend time with his daughter. If Eric receives a flexible schedule, he will save money by not having to pay for home day care. Change the current College education funds and retirement funds to another investment that offer tax benefits as well as retirement and college funds. 3.
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This note was uploaded on 04/14/2010 for the course ACCT Act695 taught by Professor Smith during the Spring '10 term at York University.

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Ch 4 Case - Chapter 4 Financial Planning Case 1 Erics major...

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