Question

Job A pays an annual salary of $17,500, while job B pays $18,000. The taxpayer choosing between the two jobs files his federal income tax return with a standard deduction of $5700, only himself as an exemption for $3650, and no additional adjustments to income. After taxes, what is the difference in pay between the two jobs? Use the table below as a guide. Single Taxable income is over | But not over | The tax is | Plus | Of the amount over $0 | 8,350 | $0.00 | 10% | $0 8,350 | 33,950 | 835.00 | 15% | 8,350 33,950 | 82,250 | 4,675.00 | 25% | 33,950 82,250 | 171,550 | 16,750.00 | 28% | 82,250 171,550 | 372,950 | 41,754.00 | 33% | 171,550 372,950 | | 108,216.00 | 35% | 372,950 A. $500 B. $435 C. $50 D. $75

          Job A pays an annual salary of $17,500, while job B pays $18,000. The taxpayer choosing between the two jobs files his federal income tax return with a standard deduction of $5700, only himself as an exemption for $3650, and no additional adjustments to income. After taxes, what is the difference in pay between the two jobs? Use the table below as a guide.

Single
Taxable income is over | But not over | The tax is | Plus | Of the amount over
$0 | 8,350 | $0.00 | 10% | $0
8,350 | 33,950 | 835.00 | 15% | 8,350
33,950 | 82,250 | 4,675.00 | 25% | 33,950
82,250 | 171,550 | 16,750.00 | 28% | 82,250
171,550 | 372,950 | 41,754.00 | 33% | 171,550
372,950 | | 108,216.00 | 35% | 372,950

A. $500
B. $435
C. $50
D. $75

Job A pays an annual salary of 17,500, while job B pays18,000. The taxpayer choosing between the two jobs files his federal income tax return with a standard deduction of 5700, only himself as an exemption for3650, and no additional adjustments to income. After taxes, what is the difference in pay between the two jobs? Use the table below as a guide.

Single
Taxable income is over | But not over | The tax is | Plus | Of the amount over
0 | 8,350 |0.00 | 10% | $0
8,350 | 33,950 | 835.00 | 15% | 8,350
33,950 | 82,250 | 4,675.00 | 25% | 33,950
82,250 | 171,550 | 16,750.00 | 28% | 82,250
171,550 | 372,950 | 41,754.00 | 33% | 171,550
372,950 | | 108,216.00 | 35% | 372,950

A. 500
B.435
C. 50
D.75

Added by Andrew R.

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