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zloy xaker [14]
3 years ago
13

Job A pays an annual salary of $17,500 while job B pays $18,000. The taxpayer choosing between the 2 jobs files his federal inco

me 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.

Mathematics
1 answer:
Murljashka [212]3 years ago
8 0
The 17500 job will pay tax of (17500-5700-3650)=8150*0.10=815
The 18000 job will pay tax of 8350*0.10+300*0.15=880
The difference in pay is therefore 500-(880-815)=$435


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