Here’s a simple one.
Single. No children, no nothing. Basically your standard baseline individual tax filer.
Earnings this year will be $28,000. How much federal income tax can I expect to pay on this? 10%? 20%? 30%? $2000? $5000?
I ask because I’ve opted to have my employer withold the absolute minimum (like $20/mo.) from my paycheck. I’ll just pay what I owe at the end of the year. [yes I know thats risky, but hey] I’d like to know a ballpark figure of what to set aside.
Thanks for your help.