Calculating your Disposable Income
To determine your taxable income (amount that the government will tax) simply take your combined yearly gross income and subtract $ 5, 700. The moneychimp calculator does this for you automatically. Example: Combined . Annual. Gross Income = $65,000. Minus the standard deduction of $ 5, 700 = $59,300. $5. 9, 30. 0 is your taxable income. 3 ... ................
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