If your income is $60000 how much do you pay in taxes ?

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Answer 1

Answer #1

If your filing status is single and your income is $ 60,000, the tax payable is calculated as follows

The income tax payable = 10% upto $ 9525 + 12 % ( $ 9526 - $ 38,700 ) + 22% ( $ 38,701 - $ 82,500)

Income tax payable = $ 952.50 + $ 3500.88 + 0.22 x ( $ 60,000 - $ 38,701)

Income tax payable = $ 9,139.16

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Answer 2

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