ANDERSON CASE (1 OF 2)
01.Core Concepts
Items 1 $46,400 Paul’s gross salary 2, 5 $2,400 Paul’s payment to his 401(k) retirement plan (withheld from his salary by his employer) 1 $27,000 Stacey’s gross salary 1, 2 $5,000 Stacey’s cash gift from her mother 1 $100 Interest income from a joint savings account 4 $3,700 Federal income taxes withheld from their paychecks $3,200 State income taxes withheld from their paychecks $6,000 Charitable contributions (cash) paid to several charities $10,000 Rent paid for apartment 3, 5 $2,000 Contribution to a traditional IRA by Stacey