Homework Answers
Ans: Taxable Income= Salary + Uniform Allowance- Work Related Expenses
=> 58,000+500-500
=> 58,000
Standard Deduction for 2020= 12,400
Taxable Income{After Standard Deduction}= 45,600
Tax Liability= $4,617.50+22% (45,600-40,125)
=> 4,617.50+ 22% of 5,475
=> 4,617.50+1,204.50
=> 5,822
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