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| Teaching Since: | Apr 2017 |
| Last Sign in: | 327 Weeks Ago, 4 Days Ago |
| Questions Answered: | 12843 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Now, suppose we allow a tax deduction for all giving to charity, and a $500 refundable tax credit for buying a new home.
a.    Calculate the total taxes owed by someone with $50,000 of income who gives $5,000 to charity and buys a new home.
b.    Calculate the total taxes owed by someone with $20,000 of income who gives $100 to charity and does not buy a new home.
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