Question: Caren graduated from a nursing program and got a job that pays $ 6 5 , 0 0 0 a year. She has signed up

Caren graduated from a nursing program and got a job that pays $

65, 000

a year.

She has signed up for a

401 -

K plan and saves

5 %

of her salary for retirement.

(

)

Calculate Caren

s gross income, adjusted gross income, and taxable income.

(

She is single and takes a standard deduction.

)

(

)

Determine Caren

s tax bracket and calculate her federal income tax for

2023 .

(

)

Calculate Caren

s payroll tax

(

FICA

) .

(

)

Calculate Caren

s total federal tax and her overall taxation rate for

2023 .

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a Gross Income Adjusted Gross Income Taxable Income Gross Income 65000 Standard Deduction for Single Filer in 2023 12950 Adjusted Gross Income AGI Gro... View full answer

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