Mathematics, 20.05.2020 09:58, countrygirlbookworm2

You have decided to relax your work schedule over the next 5 years. Your current income is $92,000 putting you in the 24% Federal Income tax bracket. The tax bracket is 12% for income from $9,526 up to $38,700, 22% for income from $38,701 up to $82,500, and 24% for income from $82,501 to $157,000. If you decrease your annual income by 8% per year over the next 5 years, what Federal tax bracket will you be in after 5 years?

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You have decided to relax your work schedule over the next 5 years. Your current income is $92,000 p...