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TAXES

TAXES. You have taxable income of $1,000 and are in the 30% federal income tax bracket. How much will you pay in federal income taxes?. $30 $300 $70 $700 None of the above.

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TAXES

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  1. TAXES

  2. You have taxable income of $1,000 and are in the 30% federal income tax bracket. How much will you pay in federal income taxes? • $30 • $300 • $70 • $700 • None of the above

  3. You have taxable income of $1,000 and are in the 30% federal income tax bracket. How much will you pay in federal income taxes? • $30 • $300 • $70 • 700

  4. In general, what taxes are the most difficult to defer? • Federal Income Taxes • State Income Taxes • Social Security/Medicare • Football

  5. Which of the following is NOT a deducible Expense on Schedule A, Itemized Deductions • Property Taxes • State Income Taxes • Home Mortgage Interest • Student Loan Interest

  6. The amount paid in federal income taxes is paid usingyour tax rate or table and • Salaries or Wages • Capital Gains • Taxable Income • Social Security tax rate or table

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