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On December 30, you decide to make a $1,100 charitable donation a. If you are...

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Accounting

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On December 30, you decide to make a $1,100 charitable donation a. If you are in the 20.5 percent federal tax bracket, how much will you save in taxes for 2019? Assume that amounts in excess of $200 do not exceed 75 percent of Net income. (Omit the sign in your response.) Tax savings for the current year b. If you deposit that tax savings in a savings account for the next five years at 4 percent. what is the future value of that account? Use Exhibit 18.1. (Round time value factor to 3 decimal places and final answer to 2 decimal places. Omit the "" sign in your response) Future value of tax savings $

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