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 family’s gross income is $85,000. 2. What is the Ziggler family’s taxable income? The family’s taxable income is 80,801. 3. What kind(s) of deductions do the Zigglers qualify for at this point? The deductions that the Zigglers qualify for at this point are the charity contribution and the husband 401K. I would say they qualify for child deductions as well but since they do not tell you how many kids there are I do not know how much to deduct for that. 4. How could the Zigglers legally increase their tax deductions? If they bought a home they could deduct the interest, get municipal bonds because they are tax free, this could increase their tax deductions. 5. Should the Zigglers consider purchasing a home? Why?
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This note was uploaded on 03/09/2011 for the course PHILOSOPHY phil 105 taught by Professor Geth during the Spring '11 term at University of Phoenix.

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

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