Describe what the hundleys are trying to accomplish

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Reference no: EM13103541

Each year, the Hundleys usually have itemized deductions of $9,500, including a $3,600 pledge payment to their church. Upon the advice of a friend they do the subsequent in early January 2010, they pay their pledge for 2009 during the 2010, they pay the initiate for 2010 and in late December 2010, they prepay their pledge for 2011.
a. Describe what the Hundleys are trying to accomplish.
b. Explain what will be the tax saving if their marginal tax bracket is 25% for all three years? Suppose the standard deduction amounts for 2010 and 2011 are the same.

Reference no: EM13103541

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