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AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

AAPL$235.76+1.69 (72.20%)

AMZN$231.39+3.24 (142.01%)

DIS$115.78-0.18 (-15.52%)

NFLX$1205.71+17.27 (145.36%)

TSLA$407.02+11.08 (279.84%)

MSFT$513.33+3.43 (67.27%)

GOOGL$250.23+9.43 (391.61%)

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

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How Taxes Are Calculated | Taxes and Tax Forms