Gwen's Marginal Tax Bracket Is 24

question 1688

Multiple Choice

Gwen's marginal tax bracket is 24%. Under the terms of a divorce decree settled in 2018, Gwen pays alimony of $24,000 per year. Gwen's after tax cost for the $24,000 payment is

• A) $24,000.
• B) $5,760.
• C) $0.
• D) $18,240.

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Definitions:

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