Mathematics, 14.06.2021 04:20, OfficallyRobloxedd
One of Gabriela’s coworkers who is a single man with no children is deciding whether to apply for a new job at the mine, which would be a promotion. His current salary is $95,000 a year. If he gets the job, he would get a 15% raise. He is worried that if he gets the new job and the raise, he will be in a higher tax bracket and might actually lose money.
• Figure out his current tax situation. How much tax will he owe with just his personal exemption and the standard deduction, and the maximum contribution to a pre-tax retirement account?
• How much would he owe in taxes if he got the promotion?
• Write a meaningful sentence or two comparing the change in salary and the change in taxes.
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Answers: 3
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One of Gabriela’s coworkers who is a single man with no children is deciding whether to apply for a...
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