Anonymous

What Is Federal Income Tax On $50,000 Salary?

1

1 Answers

Anonymous Profile
Anonymous answered
Assuming that you're single and 50k is your gross income, and you don't itemize. You're adjusted gross income would be calculated as follows. 50,000- 3,650 (personal exemption)-5,700 (standard deduction) = 40,650 (Adjusted Gross Income).  Your tax would be $6,344

Answer Question

Anonymous