Question:
Omar is a loan officer at a local bank He carries health
Last updated: 9/13/2023
Omar is a loan officer at a local bank He carries health insurance for himself his wife and their three children The monthly premium for health insurance that is deducted from his paycheck is 575 20 Omar s salary places him in the 15 federal income tax rate Calculate the amount of tax savings Omar will have if his health insurance premiums are withheld from his paycheck before his taxes are calculated