Sam has taxable gross income of $214,500. a. Calculate the federal b. Calculate the state annual income
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Question:
Sam has taxable gross income of $214,500.
a. Calculate the federal
b. Calculate the state annual income taxes individually for the 3 states seen in "d".
c. Then sum the amounts to calculate the total annual income taxes.
a. Tax rates in the following states are:
Maine 13.25%
Massachusetts 17.5%
Tennessee Tax Free
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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