How much is the federal income tax 2024?
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Studied at University of Sydney, Lives in Sydney, Australia
Every dollar from $9,326 to $37,950 will be taxed at 15%. Every dollar from $37,951 to $40,000 will be taxed at 25%. If you added the taxes that you pay on each portion of your income, and then divide it by your total income (then multiply by 100), you would get your "effective tax rate".
2023-05-16 00:39:13
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Oliver Wilson
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Every dollar from $9,326 to $37,950 will be taxed at 15%. Every dollar from $37,951 to $40,000 will be taxed at 25%. If you added the taxes that you pay on each portion of your income, and then divide it by your total income (then multiply by 100), you would get your "effective tax rate".