Details Of 2010 Federal Income Taxes: Difference between revisions

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Revision as of 14:18, 23 October 2024

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I was paid $78,064, which I am taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) to produce a 401k, making my federal income taxable earnings $64,744.

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B) Interest earned, on the other hand paid, during a bond year, must be accrued following the bond year and reported as taxable income for that calendar year in which the bond year ends.

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