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Question 1 (1 point) Saved In 2020, Bill, a single individual, has projected taxable income of $40,000. Bill is considering working for UPS in December

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Question 1 (1 point) Saved In 2020, Bill, a single individual, has projected taxable income of $40,000. Bill is considering working for UPS in December on weekends to earn some extra money. If Bill earns $5,000 extra (above the $40,000 income), his tax liability will increase by 22% of $5,000. True False

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