![]() They have no “Other Income,” “Business Income”.Neither has any qualified dividends or long term capital gains.Neither is not being claimed by their parents or anyone else as a dependent.Neither has withheld any money towards federal or state taxes, and has no unemployment income 2.She is not married, nor does she have any dependents.Stephanie has been working at City Center Bank for 5 years.31, 2016 Marcel’s taxable wages 1 is $35,000 Meet Stephanie He is not married, nor does he have any dependents.Marcel is in his first job after college, working at City Center Bank as a teller.Then, use TurboTax’s TaxCaster: Free Tax Calculator to compare the two individuals below and see how their tax burdens differ due to a large difference in salary. Using Moneychimp’s Tax Calculator, calculate how much each individual’s taxable income is. ![]() ![]() Part I: Your Salary The biggest variable in the amount of taxes you pay is how much you make. In this activity, explore how three factors (your salary, the state you live in, and the cost of living) can have a big impact on how much you pay in taxes and how much you have leftover to spend on yourself. CALCULATE: How Much Do I Pay in Taxes? Everyone has to pay taxes, but how much you pay depends on a lot of factors. ![]()
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