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You are an attorney in the 22% marginal tax bracket for federal income tax (your state has no state income tax). You have just determined
You are an attorney in the 22% marginal tax bracket for federal income tax (your state has no state income tax). You have just determined that your fees from customers will go up by $25,000 this year. Determine the net amount of your increase (after income tax and FICA) if you are: (Show your work) a. an employee b. self-employed
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