CalWORKs Fact Sheet July 2020
Description Amount Explanation (1) Salary $60,000 (2) Standard deduction (12,000) Itemized deductions less than standard deduction. (3) Taxable income $48,000 (1) + (2) Regular tax liability $6,499.50 (48,000 – 38,700) × 22% + 4,453.50 [see tax rate schedule for Single individuals] Assume that Eva is considered to be a self-employed ... ................
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