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| Question | These can be solved by hand, but most will be solved much more easily with a spreadsheet An unmarried taxpayer with no dependents expects an adjusted gross income of $48,000 in a given year. His non-business deductions are expected to be $3400. (a) What will his federal income tax be? (b) He is considering an additional activity expected to increase his adjusted gross income. If this increase should be $16,000 and there should be no change in non-business deductions or exemptions, what will be the increase in his federal income tax? |
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| Subject | business-economics |
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