Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to reduce taxes in retirement [title] Understand irs rules affecting earned income in retirement. [step] Retired people working part time are taxed at regular income rates just like everyone else. However, they also may be receiving social security benefits and taxable retirement income.

Ending1: The irs does not require that you take on an extra tax as income in retirement. The irs gives you an unlimited taxable deduction each year (regardless of the residence restrictions). Ending2: You may know that your customers would need a certain educational contingency, usually 10% of their income accumulated over a set period of time (typically 2) during the year. You can generally determine retirement net-reporting for retirement by consulting a taxpayer (such as a state or nationally) or other government agency. Ending3: [substeps] Most retirees spend a significant portion of their retirement earning on conventional food expenses such as transportation or cable. Depending on where you are employed, you may also have a working income pool to help you identify whether you are working or have a minimum income level. Ending4: All of these sources count towards your income in retirement and, accordingly, are used to determine your tax bracket. A retiree still working part-time may find themselves in a higher tax bracket than expected if they are receiving income from all of these sources at the same time.

Answer format: ending1/ending2/ending3/ending4