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Economics

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?

Hints: Use Income Tax Rates illustrated in the textbook for the year 2009.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91866176

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