All work must be original, in APA format & will be submitted to turn it in.Contact me on how to send any additional info needed Due DATE 2/27/19 12Noon

Remember to submit your work following the file naming convention FirstInitial.LastName_M01.docx. For example, J.Smith_M01.docx. Remember that it is not necessary to manually type in the file extension; it will automatically append.

Start by reading and following these instructions:

1. Quickly skim the questions or assignment below and the assignment rubric to help you focus.
2. Read the required chapter(s) of the textbook and any additional recommended resources. Some answers may require you to do additional research on the Internet or in other reference sources. Choose your sources carefully.
3. Consider the discussion and the any insights you gained from it.
4. Create your Assignment submission and be sure to cite your sources, use APA style as required, check your spelling.

Assignment: (approximately 1500 words total)

1. Conduct research to identify various budgeting and money management apps. Determine the features, ease of operation, and information provided by these apps. Which app would you consider using for your budgeting and money management activities?
2. Talk to a young single person, a young couple, and a middle-aged person about their financial goals and saving habits. What actions do they take to determine and achieve various financial goals? In your opinion, what more should/could they do?
3. Carl Lester has liquid assets of $2,680 and current liabilities of $2,436. What is his current ratio? What comments do you have about this financial position?
4. Based on the procedures presented in the course, prepare your current personal balance sheet and a cash flow statement for the next month.
5. Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Items: Rent for the month- $650, Auto insurance- $230, Monthly take-home salary- $1,950, Household possessions- $3,400, Cash in checking account- $450, Stereo equipment- $2,350, Savings account balance- $1,890, Payment for electricity- $90, Spending for food- $345, Lunches/parking at work- $180, Balance of educational loan- $2,160, Donations- $70, Current value of automobile- $7,800, Home computer- $1,500, Telephone bill paid for month- $65, Value of stock investment- $860, Credit card balance- $235, Clothing purchase- $110, Loan payment- $80,  Restaurant spending- $130.
6. Imari Brown is attending community college. She has $1,000 of education expenses. She claims herself on her tax return. She is trying to decide between the tuition and fees deduction or an education credit. If Imari is in the 15% tax bracket, which should she choose? Justify your answer.
7. Using the tax table in Exhibit 4-7 on page 136 of your text, determine the amount of taxes for the following situations: a. A head of household with taxable income of $75,750. b. A single person with taxable income of $75,052. c. A married person filing a separate return with taxable income of $75,926.
8. Samuel Jenkins made two investments, the first was 13 months ago and the second was two months ago. He just sold both investments and has capital gain of $2,000 on each. If Samuel is in the 28 percent tax bracket, what will be the amount of capital gains tax on each investment?
9. On December 30, you decide to make a $1,500 charitable donation. If you are in the 28 percent tax bracket, how much will you save in taxes for the current year? If you deposit that tax savings in a savings account for the next five years at 4 percent, what will be the future value of that account?