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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jan 31, 1994
Page
16
A primer explains gross income AGI and taxable income through examples. It covers marginal and effective tax rates, the 15 28 31 36 and 39.6 percent brackets, and how deductions exemptions alimony and other factors affect liability for married couples and singles.
The new federal tax laws raise tax on Social Security benefits for many recipients, expand Social Security and Medicare tax bases, narrow moving expense deductions, and cut the deductibility of business meals. These changes may require filing a new W-4 and affect withholding.
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