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Raymond Bruno, a single software engineer at Google, is making $130,000 annual income. He is currently renting an apartment for $1,500. Requirements:...
Raymond Bruno, a single software engineer at Google, is making $130,000 annual income. He is currently renting an apartment for $1,500.
1. Write and upload a concise five-page (double spaced) meaningful analysis, along with tax saving recommendations based on his plans in 2018:
a) He plans to buy a 3 bedroom 2 bath house in Santa Clara for $1,000,000, assuming he pays 30% down payment, makes monthly mortgage payment of $3,500 and has accumulative interest expense of $30,000 the first year.
b) He plans to get married to his high school sweetheart, who works at Cisco System as HR Specialist making $65,000 per year
2. Your report should contain detailed comparisons of how your plan for Raymond may help to reduce his tax liability to what amount. Be sure to include actual amounts saved and show how the savings were calculated.
3. Please refer to the Instructor's expectations below and take into consideration each element during the creation of your findings.