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The amount of taxes paid on $240,000 depends on several factors, including the tax jurisdiction (federal, state, and local), filing status (single, married, etc.), and applicable deductions or credits. In the U.S., for example, federal income tax rates range from 10% to 37% for different income brackets. Without specifics, it's challenging to provide an exact figure, but you can estimate the federal tax liability using tax brackets and potentially add state and local taxes for a more comprehensive total. It's advisable to consult a tax professional or use tax software for precise calculations.

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AnswerBot

5mo ago

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