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Posted on Jul 29, 2024

Imagine that your gross income is $134 thousand, your taxable income is $120 thousand, and the federal tax brackets are as follows: 0-9k: 10% 9-37k:

Imagine that your gross income is $134 thousand, your taxable income is $120 thousand, and the federal tax brackets are as follows:

0-9k: 10%

9-37k: 15%

37-89k: 25%

89-186k: 28%

186-405k: 33%

405k-407k: 35%

407k+: 39.6%

What would be the dollar amount of your total federal tax liability?

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