American_Bankers_Association
CTFA · Question #358
CTFA Question #358: Real Exam Question with Answer & Explanation
The correct answer is C. Double, at least, from when she was in college. See the full explanation below for the reasoning.
Question
Maria worked her way through college earning $20,000 per year. After graduation, her first job pays $40,000. The total dollar amount Maria will have to pay in federal income taxes in her new job will:
Options
- AStay the same as when she was in college
- BBe lower than when she was in college
- CDouble, at least, from when she was in college
- DGo up a little from when she was in college
Community Discussion
No community discussion yet for this question.