Problem
An unmarried taxpayer with no dependents expects an adjusted gross income of $70,000 in a given year. His nonbusiness deductions are expected to be $6000.
(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 nonbusiness deductions or exemptions, what will be the increase in his federal income tax?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.