Anthony and Susan are married filing jointly. Their combined income is currently $98,000. Both have received raises totaling $8,500. If the cut-off between the 25% and 28% tax bracket is $101,500, how much more will they pay in taxes?

Anthony and Susan are married filing jointly. Their combined income is currently $98,000. Both have received raises totaling $8,500. If the cut-off between the 25% and 28% tax bracket is $101,500, how much more will they pay in taxes?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter16: Property Transactions: Capital Gains And Losses

Section: Chapter Questions

Problem 3CPA: Brad and Angie are married and file a joint return. For year 14, they had income from wages in the...

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Anthony and Susan are married filing jointly. Their combined income is currently $98,000. Both have received raises totaling $8,500.

If the cut-off between the 25% and 28% tax bracket is $101,500, how much more will they pay in taxes?

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