The two factors that determine the amount of taxes an individual owes to the federal government are:
1. Taxable income: The amount of money a person earns that is subject to taxation plays a crucial role in determining their tax liability. Higher taxable income generally results in a higher tax bill, as the tax rates are applied to this income to calculate the tax owed.
2. Job title: The type of job a person holds can also impact their tax liability. Different professions may have specific tax implications or deductions based on the nature of the work, expenses incurred, or benefits received. For example, someone who is self-employed may have different tax obligations compared to someone who is employed by a company.
Location and gender are not direct factors that determine the amount of taxes owed to the federal government. While location can influence state and local tax rates, federal taxes are mainly based on taxable income and other specific factors related to income and job status. Gender does not play a role in determining federal tax obligations.
