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mathiscool51
21.09.2020 •
Mathematics
Job A pays an annual salary of $42,100, while job B pays $44,400. 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?
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Ответ:
The difference in pay between the two jobs will be $2,300
Step-by-step explanation:
Here, we want to know the difference in pay between the two jobs after taxes;
Now, since both jobs will require the same deduction in taxes, it means the difference between both after taxes is the same difference between both before taxes.
Hence, by calculating the difference between both salary before taxes, we can get the ‘would be difference’ between both salaries after taxes.
So the difference in pay between both jobs will be;
44,400 - 42,100 = $2,300
Ответ: