How much income tax would one pay on a salary of $87,000 (INCLUDING an $8,000 deduction)? (A
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Question:
How much income tax would one pay on a salary of $87,000 (INCLUDING an $8,000 deduction)? (A relative approximation is okay).
Reference:
Imagine the United States has the following tax brackets for a single filer:
Income | Rate |
$5,000 - $15,000 | 15% |
$15,001 - $43,000 | 11% |
$43,001 - $66,000 | 10% |
$66,001 - $121,000 | 5% |
$100,001 + | 4.66% |
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