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An unmarried taxpayer with no dependents expects an adjusted gross income of $48,000 in a given year. His non-business deductions are expected to be $3400.
a) What will his federal income tax be?
b) He is considering an additional activity expected to increase his adjusted gross income. If this increase should be $16,000 and there should be no change in non-business deductions or exemptions, what will be the increase in his federal income tax?
Hints: Use Income Tax Rates illustrated in the textbook for the year 2009.
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