In 2021, I have an income of $49,000 from my job as a salesman. I contribute $8,000 to a traditional 401(k) and the maximum to a Roth IRA. I also earn $2,000 in ordinary dividends in a taxable account. How much will I pay in federal income taxes in 2021?

In 2021, I have an income of $49,000 from my job as a salesman. I contribute $8,000 to a traditional 401(k) and the maximum to a Roth IRA. I also earn $2,000 in ordinary dividends in a taxable account. How much will I pay in federal income taxes in 2021?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 24CE

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