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An unmarried taxpayer with no dependents expects an adjusted gross income of 70,000 in a given year. His nonbusiness deductions are expected to be 6000.
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 is 16000 and there should be no charge in non business deductions or exemptions, what will be the increase in his federal income tax?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9489572

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