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The federal tax on $2,000 depends on several factors, including your total income, filing status, and applicable deductions. For the 2023 tax year, if this amount falls within the 10% tax bracket, the federal income tax would be $200. However, if your total income exceeds certain thresholds, the effective tax rate could vary. It's important to consult the IRS tax brackets or a tax professional for a precise calculation based on your individual circumstances.

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8mo ago

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