Question

Individuals Schedule X-Single The tax is: If taxable income is over: But not over: $ 0 $ 9,700 $ 9,700 $ 39,475 $ 39,475 $ 84,200 $ 84,200 $160,725 $160,725 $204,100 $204,100 $510,300 $510,300 10% of taxable income $970 plus 12% of the excess over $9,700 $4,543 plus 22% of the excess over $39,475 $14,382.50 plus 24% of the excess over $84,200 $32,748.50 plus 32% of the excess over $160,725 $46,628.50 plus 35% of the excess over $204,100 $153,798.50 plus 37% of the excess over $510,300

Answer 1

is 80,250 taxable. A chuck a single taxpayers earns = Income @marginal Tax Rate! (6) marginal Tax Rate 23.83 20.82 L - Explanation. Income cor from bond is tax exempt he is not included in computation 3 Tax when income is s 80250 Tax schedule : > $ 39, 475 - $ 84200 - $4543 +22% of excess oves $ 39475 Tax : s 4543 + [$ 80250 - 6394758 22%] s 4543 + [40775X 22% $ 4543 + 8970.5 s 13513.5

a) Chuck earns an additional 6462 mosginal Tax Rate = A Tax A Taxable income s 24 534-5 - 135 13.5 S126500 - 80250 s 11021 46250 | 23.83% - Tax when taxable income is s 126,500 [$ 80250 1 + 46250 Tax schedule: $84200 -s 160,725 & 14382.50 + 24% of excess oves $ 84200 - Tax $ 14382.50 + (126 500 - 84200 X 24/7 $14382.50 + 10152 s24534.5 ( marginal rate if he had is 46250 of Deduction - marginal Tax Rate = s Tax А таҳоье ncome $3886 - $13513.5 $ 34000 - $ 80250

& 9627.5 s 462 50 Il 20.821) > tax schedule when Income is s 34000 CB 30250 - 546250) S9700 - $39475 $ 970+ 12% of the excess loves & atool Tax = F 970 + ( $ 34000 - $ 9700 X 12%] $ 970 + 2916 $ 3886 |