Chat with us, powered by LiveChat WHAT IMPACT WOULD THE CONTRIBUTION HAVE ON THE WEALTHYS 2014 TAX BILL? | Writedemy

WHAT IMPACT WOULD THE CONTRIBUTION HAVE ON THE WEALTHYS 2014 TAX BILL?

WHAT IMPACT WOULD THE CONTRIBUTION HAVE ON THE WEALTHYS 2014 TAX BILL?

George and Margaret Wealthy are in the 42 percent tax bracket considering both federal and state pe Show more George and Margaret Wealthy are in the 42 percent tax bracket considering both federal and state personal taxes. Norman Briggs then CEO of Community General Hospital has been aggressively pursuing the couple to contribute $400 thousand to the hospitals soon-to-be-built Cancer Care Center. Without the contribution the Wealthys taxable income for 2014 would be $3 million. What impact would the contribution have on the Wealthys 2014 tax bill? Show less

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