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Marcus and Lydia Brown are married and fling jointly and have $161.000 in taxable income. Lydia has been offered a job promotion which will increase
Marcus and Lydia Brown are married and fling jointly and have $161.000 in taxable income. Lydia has been offered a job promotion which will increase the taxable income to $180.000 in 2021. This additional income will move them into the next graduated tax bracket (2494). Which of the following statements is correct? The additional $19.000 will all be taxed at 24% The Browns will pay 24% in income tax on $180,000 rather than on 22. on $161000 if they are moved into a new rate bracket O A portion of the additional $19.000 will be taxed at 22 and a portion will be taxed 01 24%
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