20 According to the spreadsheet below, what tax rate would a married couple pay if their combined income was $865,000. 2016 Federal Income Tax Brackets SINGLE MARRIED, FILING JOINTLY HEAD OF HOUSEHOLD INCOME RANGE TAX INCOME RANGE TAX INCOME RANGE TAX $0- $18,550 10% $18,551- $75,300 15% $0- $9,275 10% $0- $13,250 10% $9,276- $37,650 15% $13,251- $50,400 15% $37,651- $91.150 25% $75,301- $151,900 25% $151,901-$231,450 20% $231,451-$413,350 33% $50,401-$130,150 25% $91,151-$190,150 28% $190,151-$413.350 33% $413.351-$415.050 35% $130,151-$210,800 28% $210,801-$413,350 33% $413,351-5466,950 35% $413,351-$441,000 35% $415,051 39.4% $466,951+ 39.0% $441,001+ 39.6% Source Internal Revenue Service "Revenue Procedures 2015-53 A 10% B 28% c 35% 39.6%

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20 According to the spreadsheet below, what tax rate would a married couple pay if their combined income was $865,000.
2016 Federal Income Tax Brackets
自商酒
SINGLE
MARRIED, FILING JOINTLY
HEAD OF HOUSEHOLD
INCOME RANGE TAX
INCOME RANGE TAX
INCOME RANGE TAX
$0- $18,550 10%
$18,551- $75,300 15%
$75,301- $151,900 25%
$0- $9,275 10%
$0- $13,250 10%
$13,251- $50,400 15%
$9,276- $37,650 15%
$37,651- $91,150 25%
$50,401-$130,150 25%
$91,151-$190,150 28%
$190,151-$413,350 33%
$413,351- $415,050 35%
$415,051+
$151,901- $231,450 28%
$130,151-$210,800 28%
$231,451-$413,350 33%
$413,351-$466,950 35%
$466, 951+
$210,801- $413,350 33%
$413,351 - $441,000 35%
39.6%
39.6%
$441,001+
39.6%
Source: Internal Revenue Service, "Revenue Procedures 2015-53
10%
28%
35%
39.6%
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Transcribed Image Text:knoxschools.org bookmarks e "Your Eighty Dollar. E sds E- Question 20/28 A BOOKMARK NEXT 20 According to the spreadsheet below, what tax rate would a married couple pay if their combined income was $865,000. 2016 Federal Income Tax Brackets 自商酒 SINGLE MARRIED, FILING JOINTLY HEAD OF HOUSEHOLD INCOME RANGE TAX INCOME RANGE TAX INCOME RANGE TAX $0- $18,550 10% $18,551- $75,300 15% $75,301- $151,900 25% $0- $9,275 10% $0- $13,250 10% $13,251- $50,400 15% $9,276- $37,650 15% $37,651- $91,150 25% $50,401-$130,150 25% $91,151-$190,150 28% $190,151-$413,350 33% $413,351- $415,050 35% $415,051+ $151,901- $231,450 28% $130,151-$210,800 28% $231,451-$413,350 33% $413,351-$466,950 35% $466, 951+ $210,801- $413,350 33% $413,351 - $441,000 35% 39.6% 39.6% $441,001+ 39.6% Source: Internal Revenue Service, "Revenue Procedures 2015-53 10% 28% 35% 39.6% DELL -> @ 23 & 2 3 4. 6. 7 8. W e y CU O O O O
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