Graduation Honor Cords for all Ceremonies and Honor Societies Honor cords are an optional accessory that many schools use to set apart various participants in the graduation ceremony. Order cords for academic honors and for graduation officials.
One of the most common tax deductions for single mothers is the dependent exemption â $4,050 for each child until your child turns 19, or 24 if heâs a full time student. Whatâs especially nice is that you can take one exemption for yourself to cover your basic living expenses, thatâs $4,050 off your taxable income.
In the 2008 tax year, there are six tax brackets for each filing status. Since Karen is filing single, she would look at IRS Schedule X, which lists the tax rates for people who file single: Single. Karen's taxable income of $70,000 falls into the third tax bracket, so she has a tax rate of 25 percent.At first glance, Karen thinks that her $70,000 will be taxed at 25 percent. Fortunately for her, that's not how a progressive tax rate works. Karen's income will be taxed as it progresses through the tax brackets.So, her first $8,025 is taxed at a rate of 10 percent. Her income that falls in the second bracket will be taxed at 15 percent. Her last dollar lands in the third bracket.n the 2008 tax year, there are six tax brackets for each filing status. Since Karen is filing single, she would look at IRS Schedule X, which lists the tax rates for people who file single: Single. Karen's taxable income of $70,000 falls into the third tax bracket, so she has a tax rate of 25 percent.