Amy is single with a salary of $50,000. She has been offered a new position that...

 

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Amy is single with a salary of $50,000. She has been offered a new position that will raise her salary to $53,000. The cut-off between the 18% and 25% tax brackets is $51,250. How much will her tax liability increase if she accepts the new position? Amy is single with a salary of $50,000. She has been offered a new position that will raise her salary to $53,000. The cut-off between the 18% and 25% tax brackets is $51,250. How much will her tax liability increase if she accepts the new position?

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1 Amy salary will increase by 3000 530... View the full answer