Question
Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401(k)
-
Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401(k) plan at work. Calculate the following
-
Adjusted Gross Income.
-
Assuming only standardized deductions available, what is his taxable income for 2019?
-
Using 2019 tax brackets, what is his marginal federal tax rate?
Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401(k) plan at work. Calculate the following
-
Adjusted Gross Income.
-
Assuming only standardized deductions available, what is his taxable income for 2019?
-
Using 2019 tax brackets, what is his marginal federal tax rate?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Economics
Authors: Thomas Pugel
16th Edition
9780078021770
