Miley, a single taxpayer, plans on reporting $28,950 of taxable income this year (all of her income is from a part-time job). She is considering applying for a second part-time job that would give her an additional $10,000 of taxable income. By how much will the income from the second job increase her tax liability? (use the tax rate schedules)

Question

Quizplus · Accepted Answer

The additional $10,000 will be taxed at the 22% rate, as it falls within the 22% tax bracket for single filers. Therefore, the increase in tax liability is $10,000 * 22% = $2,200.

Miley, a Single Taxpayer, Plans on Reporting $28,950 of Taxable