Write a 150-250-word summary discussing the following items.
1. Consider your current income level and determine the federal and state tax brackets you will be in following graduation from your degree program.
2. What tax-efficient strategies could be used to lower your tax liability, or what is something you can do in the future (for example, after graduating) to be tax efficient?
3. Assume you plan to purchase a home for the first time or upgrade/downsize from your existing home anytime within the next 10 years. Provide your plan to make this goal a reality. Include how much you will invest/save per month to address the purchase and closing costs, your projected timeframe for purchase, your planned down payment, your estimated interest rate, the loan characteristics (i.e., type and term) you plan to secure, and the monthly home ownership costs (i.e., principal, interest, taxes, insurance (PITI) costs). What percentage will PITI account for in your monthly gross income?