The existing laws covering libel in this country are thought by many to be inadequate. Under the existing conditions many children are going hungry. More examples
To determine their payment using the income formula, subtract $20,700 (filing threshold) from $70,000 (2016 household income). The result is $49,300. Two and a half percent of $49,300 equals $1,232.50.
1 Tip: The filing threshold is the amount of income that requires you to file a tax return. 2  The filing threshold for 2016 is $10,350 for single filers and $20,700 for married couples filing jointly.