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You have decided to relax your work schedule over the next 5 years. Your current income is $92,000 putting you in the 24% Federal Income tax bracket. The tax bracket is 12% for income from $9,526 up to $38,700, 22% for income from $38,701 up to $82,500, and 24% for income from $82,501 to $157,000. If you decrease your annual income by 8% per year over the next 5 years, what Federal tax bracket will you be in after 5 years?

User Abeauchamp
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5.7k points

2 Answers

0 votes

Answer:

22% tax bracket

Explanation:

User Burhan Ahmad
by
4.7k points
4 votes

Answer:

22%

Explanation:

User Gacon
by
5.5k points
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