IDNLearn.com offers a unique blend of expert answers and community-driven insights. Ask anything and receive prompt, well-informed answers from our community of knowledgeable experts.

A person has gotten a new job with a much higher salary. She wants to buy a more expensive house with her extra income, but she'll have to cut back on some spending to be able to afford the one she wants.

Which statement best describes the tax situation this person will likely face in the next year ?