Homework Help is Here – Start Your Trial Now!
Business
Accounting
The 2015 tax table provided by the IRS is to be used when taxable income is below $100,000. If taxable income exceeds $100,000, then the marginal tax rates are used to calculate the tax owed. Filing Status Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Single 2015 Marginal Tax Rates Married Submit Question Married Filing Jointly Filing Separately Income Brackets 0-9,225 Head of Household 0-9,225 0-18,450 0-13,150 9,226-37,450 18,451-74,900 9,226-37,450 13,151-50,200 37,451-90,750 74,901-151,200 37,451-75,600 50,201-129,600 129,601-209,850 90,751-189,300 151,201-230,450 75,601-115,225 189,301-411,500 230,451-411,500 115,226-205,750 209,851-411,500 411,501-413,200 411,501-464,850 205,751-232,425 411,501-439,000 413,201+ 464,851+ 232,426+ 439,001+ Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $888,650 filing as head of household. Use the marginal tax rates to find the income Tax for a taxpayer with taxable income of $567,840 filing as married filing separately.

The 2015 tax table provided by the IRS is to be used when taxable income is below $100,000. If taxable income exceeds $100,000, then the marginal tax rates are used to calculate the tax owed. Filing Status Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Single 2015 Marginal Tax Rates Married Submit Question Married Filing Jointly Filing Separately Income Brackets 0-9,225 Head of Household 0-9,225 0-18,450 0-13,150 9,226-37,450 18,451-74,900 9,226-37,450 13,151-50,200 37,451-90,750 74,901-151,200 37,451-75,600 50,201-129,600 129,601-209,850 90,751-189,300 151,201-230,450 75,601-115,225 189,301-411,500 230,451-411,500 115,226-205,750 209,851-411,500 411,501-413,200 411,501-464,850 205,751-232,425 411,501-439,000 413,201+ 464,851+ 232,426+ 439,001+ Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $888,650 filing as head of household. Use the marginal tax rates to find the income Tax for a taxpayer with taxable income of $567,840 filing as married filing separately.

SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter9: Individuals As Taxpayers
Section: Chapter Questions
Problem 4CE
See similar textbooks
icon
Related questions
Question
??
The 2015 tax table provided by the IRS is to be used when taxable income is below $100,000. If taxable income exceeds $100,000, then the marginal tax rates are used to calculate the tax owed. Filing Status Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Single Submit Question 2015 Marginal Tax Rates Married 413,201+ Married Filing Jointly Filing Separately Income Brackets 0-18,450 0-9,225 0-9,225 0-13,150 20 13,151-50,200 9,226-37,450 18,451-74,900 9,226-37,450 37,451-90,750 74,901-151,200 37,451-75,600 50,201-129,600 90,751-189,300 151,201-230,450 75,601-115,225 129,601-209,850 189,301-411,500 230,451-411,500 115,226-205,750 209,851-411,500 411,501-413,200 411,501-464,850 205,751-232,425 411,501-439,000 464,851+ Head of Household 232,426+ 439,001+ Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $888,650 filing as head of household. Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $567,840 filing as married filing separately. MacBook Air
Transcribed Image Text:The 2015 tax table provided by the IRS is to be used when taxable income is below $100,000. If taxable income exceeds $100,000, then the marginal tax rates are used to calculate the tax owed. Filing Status Tax Rate 10% 15% 25% 28% 33% 35% 39.6% Single Submit Question 2015 Marginal Tax Rates Married 413,201+ Married Filing Jointly Filing Separately Income Brackets 0-18,450 0-9,225 0-9,225 0-13,150 20 13,151-50,200 9,226-37,450 18,451-74,900 9,226-37,450 37,451-90,750 74,901-151,200 37,451-75,600 50,201-129,600 90,751-189,300 151,201-230,450 75,601-115,225 129,601-209,850 189,301-411,500 230,451-411,500 115,226-205,750 209,851-411,500 411,501-413,200 411,501-464,850 205,751-232,425 411,501-439,000 464,851+ Head of Household 232,426+ 439,001+ Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $888,650 filing as head of household. Use the marginal tax rates to find the income tax for a taxpayer with taxable income of $567,840 filing as married filing separately. MacBook Air
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
SWFT Individual Income Taxes
SWFT Individual Income Taxes
Accounting
ISBN:
9780357391365
Author:
YOUNG
Publisher:
Cengage
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
CONCEPTS IN FED.TAX., 2020-W/ACCESS
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:
9780357110362
Author:
Murphy
Publisher:
CENGAGE L
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage
SEE MORE TEXTBOOKS