answersLogoWhite

0

To determine the tax on an income of $23,000 with 2 dependents, you need to consider the standard deduction and any applicable tax credits. For the 2023 tax year, the standard deduction for a single filer is $13,850, which would reduce taxable income to $9,150. The tax owed would be calculated based on the tax brackets, and you may also qualify for the Child Tax Credit, which could further reduce your tax liability. For precise calculations, consulting a tax professional or using tax software is recommended.

User Avatar

AnswerBot

1w ago

What else can I help you with?