4) If you are earning $52,000 gross (pre-tax) income in 2020, what is your Federal tax amount due? If offered a $40,000 raise to oversee a major new project, how much would your Federal taxes increase? From a financial perspective, should you accept the raise? Rate 10% 12% 22% 46% 48% 50% 52% For Single Individuals, Taxable Income Over $0 $9,875 $40,125 $ 85,525 $ 163,300 $207,350 $518,400