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An unmarried taxpayer with no dependents expects an adjusted gross income of $175,000 in a given year. Use the 2018 tax tables in the class
An unmarried taxpayer with no dependents expects an adjusted gross income of $175,000 in a given year. Use the 2018 tax tables in the class notes. (a) What will his federal income tax be assuming no itemized deductions. (b) He is considering an additional activity expected to increase his adjusted gross 4. income. If this increase should be $20,000 and there should be no change in nonbusiness deductions or exemptions, what will be the increase in his federal income tax? (c) He marries and has a child. The child tax credit is $2000. They decide to be a one income family. What are their taxes
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