You interviewed a new client and these were the facts provided. Provide them with a...

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Accounting

You interviewed a new client and these were the facts provided. Provide them with a brief explanation of tax reason for each. Stacy is a 3 rd grade teacher in the local school and earns a salary of $45,000. Her Federal
withholding for the year was $8000,
$2790 and Medicare $729. She had a retirement account contribution of $5,000. Stacy
spent $450 for a special school project for her students that were not reimbursed by the
school.

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