Martin, a single taxpayer, earns $96,000 per year in taxable income and an additional $12,000 per year in city of Las Cruces bonds (tax exempt), if Martin earns an additional $90,000 in taxable income in year 2021, what is his marginal tax rate ( rounded 2 decimal places xx.xx ) on this additional income?
Martin, a single taxpayer, earns $96,000 per year in taxable income and an additional $12,000 per year in city of Las Cruces bonds (tax exempt), if Martin earns an additional $90,000 in taxable income in year 2021, what is his marginal tax rate ( rounded 2 decimal places xx.xx ) on this additional income?
Chapter4: Additional Income And The Qualified Business Income Deduction
Section: Chapter Questions
Problem 9MCQ: In 2019, Tim, a single taxpayer, has ordinary income of $29,000. In addition, he has $2,000 in...
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Martin, a single taxpayer, earns $96,000 per year in taxable income and an additional $12,000 per year in city of Las Cruces bonds (tax exempt), if Martin earns an additional $90,000 in taxable income in year 2021, what is his marginal tax rate ( rounded 2 decimal places xx.xx ) on this additional income?
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