1. Jessica is setting up an investment account to save for a vacation home that she plans on purchasing in 12-years. Jessica wants to have $285,000 in the account to pay for the home. To achieve her $285,000 goal, how much must Jessica invest at the end of each year for the next 12-years if she can earn 5.5% annually.

2. After evaluating her investment transactions for the year, Wanda calculates she has net long-term capital gains of $7,200 and net short-term capital losses of $2,200. Below is Wanda's tax information: Wanda''s tax bracket = 28% Long-term capital Gains tax rate = 16% On the above situation, what are the taxes owed in the current tax year for Wanda ?

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