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Figure: U.S.Marginal and Average Tax Rates
-(Figure: U.S.Marginal and Average Tax Rates) Using the tax rates shown in the figure,assume your annual income is $15,000,that you have a deduction of $1,800 for moving expenses,and that you claim four exemptions of $3,300: one for yourself and one for each of your three children.How much taxes are you expected to pay?
Trustee
An individual or entity given control or powers of administration of property in trust with a legal obligation to manage that property solely for the benefit of the party who has designated the trust.
Estate Planning
The process of arranging the management and disposal of a person's estate during their life and after death.
Inheritance Management
The process of handling and distributing the assets of a deceased person's estate according to legal guidelines or their will.
Commune
A community living situation where resources are shared and decisions are made collectively.
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