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NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

NFLX$918.29-2.88 (-31.26%)

TSLA$252.31-0.09 (-3.57%)

AAPL$198.15+7.73 (405.94%)

DIS$84.89-0.34 (-39.89%)

MSFT$388.45+7.10 (186.18%)

GOOGL$157.14+4.32 (282.69%)

AMZN$184.87+3.65 (201.41%)

How Taxes Are Calculated

Gross vs. Taxable Income:
- Gross income includes wages, freelance income, and investment gains.
- Taxable income = Gross income - Deductions/Exemptions.
Tax Rates:
- Brackets divide income into segments, with each taxed at a different rate.
Withholding:
- Employers deduct estimated taxes from paychecks.
- Self-employed individuals pay quarterly taxes to avoid penalties.

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Financial Literacy 101
Taxes and Tax Forms
How Taxes Are Calculated

How Taxes Are Calculated | Taxes and Tax Forms

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