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Sorry to bother those who are helping me but I simply just do not understand and really need help. A single person could expect...Asked by I dont understand
Sorry to bother those who are helping me but I simply just do not understand and really need help.
A single person could expect to pay $5220 in income taxes with an adjusted income gross of $29,000. If my adjusted gross increases to $2,000 but does not place me in a higher tax bracket how much can I expect to pay
A single person could expect to pay $5220 in income taxes with an adjusted income gross of $29,000. If my adjusted gross increases to $2,000 but does not place me in a higher tax bracket how much can I expect to pay
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Answered by
Steve
well, since your tax bracket has not changed, you will still pay the same percentage.
5220/29000 = 18%
So, what is 18% of the new, greater income?
5220/29000 = 18%
So, what is 18% of the new, greater income?
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