Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
How much is the federal income tax for domestic partner's medical benefit?
Is there any extra income tax for someone with a domestic partner than just one single person? If so, what's the percentage and how is it calculated?
1 Answer
- Anonymous1 decade agoFavorite Answer
The extra tax is your marginal tax bracket.
Let's say you had taxable income at $30K. The extra insurance value is $5000. For a single person, some would be at 15%, the rest at 25% because of the tax tables. (It's like getting a bonus at the end of the year.)