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$55.00 Basic Income Tax
If you meet the following
criteria, the basic rate applies to you. If you are single, with no dependents (you are not claiming any children on your
tax return), have only one job (only one W-2 Form), and no one else is claiming you on their income tax, then the basic rate
applies to you. Additionally, you must not own a house or real estate property and you do not qualify for itemized deductions.
Lastly, you must not own stocks or bonds.
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