Homework Answers
The Federal Income Tax rate for 2019.
Period: Jan 01 to Dec 31.
Name : Sean Steveman
Status : Individal
Taxable income between ($) Tax Rate
0 to 9700 0 %
9701 to 39475 970 + 12% of over 9700
39476 to 84200 4543 + 22 % of over 39475
84201 to 160725 14382 + 24 % of over 84200
160726 to 204100 32748.50 + 32 % of over 160725
204101 to 510300 46628.50 + 35 % of over 204100
510301 and above 153798.5 + 37 % of over 510300
In this case the yearly total day gross pay is $ 4950.40. Hence it is coming under 0 Slab rate hence no tax to be payable.
Example: If we assume that work starts from 1st of May and it will continue till December assuming that 4 weeks in a month effecting from May then total 32 weeks till December 2019 and the gross taxable salary is 32 x 353.6= $ 11315.20 then it will come under 2nd slab rate i.e. 970 + 12 % of ( 11315-9700)= 970 + 194 is equal to 1164.
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2019 Tax Rates
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