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How much of the additional income will taxpayer get to keep

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Problem 1: If a single taxpayer has taxable income of $120,000 in 2019, how much will he save in taxes ifhis CPA shows him that he qualifies for an additional deduction of $4,000?

Problem 2: A single taxpayer in the 22% tax bracket has the opportunity to earn additional taxable incomeof $10,000 in 2019 without putting him into a higher tax bracket. How much of the additional income (after taxes) will the taxpayer get to keep?

Reference no: EM132781036

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