In 2015, Jack and Diane Heart are married with two children, ages 10 and 12. Jack works
Question:
a) Calculate the marginal tax rate on the additional income, excluding employment taxes, to help Jack and Diane evaluate the offer.
b) Calculate the marginal tax rate on the additional income, including employment taxes, to help Jack and Diane evaluate the offer.
c) Calculate the marginal tax rate on the additional income, including self-employment taxes, if Diane earned an additional $20,000 as a self-employed contractor ($20,000 self-employment income in addition to the $25,000 as an employee).
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Related Book For
Taxation Of Individuals And Business Entities 2016
ISBN: 9781259334870
7th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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