fis_210_appendix_m-1 - Axia College Material Appendix M...

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Axia College Material Appendix M Ziggler Family Case Study Resources: Ziggler Family Case Study in Appendix N Answer the following questions about the Ziggler Family Case Study and help them create a tax-planning strategy. Use complete sentences in your responses. 1. What is the Ziggler family’s gross income? The Ziggler’s, gross income is $85,122.00. 2. What is the Ziggler family’s taxable income? Their taxable income is $81,792.00. 3. What kind(s) of deductions do the Zigglers qualify for at this point? The can deduct the miles that they are driving for their charity, the 3% that they are donating as well as the 2% that is going into the 401k 4. How could the Zigglers legally increase their tax deductions? They could increase their retirement savings to 10k per person. They could buy a home. They could increase their charatiable contribution. If Aleysia decided to work out of the home she would be able to write off a portion of their home, a portion of her milesand a lot more. 5. Should the Zigglers consider purchasing a home? Why? If Brett continues to
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fis_210_appendix_m-1 - Axia College Material Appendix M...

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