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Health Care Finance

Module One Homework Assignment

In your readings this week, you learned about taxes, how they can impact you personally, and how they can impact organizations. Use what you have learned in your readings to complete the following problems. Show all work for full credit.

1. (2 pts) Assuming that you are in the 35% tax bracket, what would your net income be on a gross income of $250,000?

2. (4 pts) If a person is in the 40% personal income tax bracket and they make a $1000 donation to a not-for-profit corporation, how much would their taxable income be reduced?

b. How much money in taxes would this person save?

3.(4pts) What are the primary differences between investor-owned and not-for-profit organizations?