Anthony and Susan are married filing jointly. Their combined income is currently $168,500. Both have received raises totaling $18,500:

a) If the cut-off between the 22% and 24% tax bracket is $172,750, how much more will they pay in taxes?

b) What is the net total of the raise (after taxes)?

Answer rating: 100% (QA)

Solution Increment of 18500 will purh taxable income to the level old income Increment 168... View the full answer