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Miley, a single taxpayer, plans on reporting $31,625 of taxable income this year (all of...

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Accounting

Miley, a single taxpayer, plans on reporting $31,625 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 $10,500 of taxable income. By how much will the income from the second job increase her tax liability? (Use the tax rate schedules.)

Multiple Choice

  • $1,050

  • $1,260

  • $1,460

  • $2,267

Answer & Explanation Solved by verified expert
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