Quincy is single, has $65,000 of wages, and pays 20% in federal and state income tax. If

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Quincy is single, has $65,000 of wages, and pays 20% in federal and state income tax. If the combined federal and state tax rate increases to 25%, how much additional income must Quincy earn to maintain the same desired take-home pay in 2023?

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Fundamentals Of Taxation For Individuals A Practical Approach 2024

ISBN: 9781119744191

1st Edition

Authors: Gregory A Carnes, Suzanne Youngberg

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Question Posted: Apr 03, 2024 05:01 AM

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Quincy is single, has $65,000 of wages, and pays 20% in federal and state income tax. If

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Quincys takehome pay at 20 is 52000 65000100 20 times 65000 ...View the full answer

Fundamentals Of Taxation For Individuals A Practical Approach 2024

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