00:01
Hi to everyone.
00:02
So, for a single man with taxable income, dollar 26 ,000 and dollar 1 ,000 tax credit.
00:20
So, taxable income dollar 26 ,000 minus dollar 1 ,000.
00:27
So, total of dollar 25 ,000 and tax at 12 percent of dollar 25 ,000.
00:41
So, it will be equals to dollar 3 ,000.
00:48
Now, tax credit dollar 3 ,000 plus dollar 1 ,000.
01:00
So, equals to dollar 4 ,000.
01:05
Now, second one for married couple filing jointly with taxable income of dollar 5 ,000 and dollar 4 ,500 tax credit...