Chris and Sarah Miller are both employed. Chris is a clinic business manager and Sarah is a
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Chris and Sarah Miller are both employed. Chris is a clinic business manager and Sarah is a registered nurse. Both work for employers that offer 401(k) plans. Chris will make $126,000 as an accounting manager and Sarah makes $94,750 as a nurse. Each makes a 5% contribution to their 401(k) and their employers make a matching contribution to their 401(k). They elected to take the standard deduction.
What will be the total income tax including FICA for the Millers ?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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