- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Yes. The difference ($5,500) is treated as wages and is added to the 1040 line 1 amount and taxed as ordinary income. The change in the Federal tax indicates that your tax rate is about 13%
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
11:52 AM