Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Rua head of household $195,200 $

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ISBN:9781337669214
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Chapter4: Managing Income Taxes
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Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer.
Name
Filing Status
Taxable Income
Tax Liability
Rua
head of household
$195,200
$
Transcribed Image Text:Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Rua head of household $195,200 $
Exhibit 18- 3
Income Tax Rate Tables
Filing status: Single
Taxable income
Таx
At least $0 but not over $9,525
10% of the amount over $0
Over $9,525 but not over $38,700
$952.50 + 12% of the amount over $9,525
Over $38,700 but not over $82,500
$4,453.50 + 22% of the amount over $38,700
Over $82,500 but not over $157,500
$14,089.50 + 24% of the amount over $82,500
Over $157,500 but not over $200,000
$32,089.50 + 32% of the amount over $157,500
Over $200,000 but not over $500,000
$45,689.50 + 35% of the amount over $200,000
Over $500,000
$150,689.50 + 37% of the amount over $500,000
Filing status: Married filing jointly or Qualifying widow(er)
Taxable income
Таx
At least $0 but not over $19,050
10% of the amount over $0
Over $19,050 but not over $77,400
$1,905 + 12% of the amount over $19,050
Over $77,400 but not over $165,000
$8,907 + 22% of the amount over $77,400
Over $165,000 but not over $315,000
$28,179 + 24% of the amount over $165,000
Over $315,000 but not over $400,00
$64,179 + 32% of the amount over $315,000
Over $400,00 but not over $600,000
$91,379 + 35% of the amount over $400,000
Over $600,000
$161,379 + 37% of the amount over $600,000
Filing status: Married filing separately
Taxable income
Тax
At least $0 but not over $9,525
10% of the amount over $0
Over $9,525 but not over $38,700
$952.50 + 12% of the amount over $9,525
Over $38,700 but not over $82,500
$4,453.50 + 22% of the amount over $38,700
Over $82,500 but not over $157,500
$14,089.50 + 24% of the amount over $82,500
Over $157,500 but not over $200,000
$32,089.50 + 32% of the amount over $157,500
Over $200,000 but not over $300,000
$45,689.50 + 35% of the amount over $200,000
Over $300,000
$80,689.50 + 37% of the amount over $300,000
Filing status: Head of household
Taxable income
Таx
At least $0 but not over $13,600
10% of the amount over $0
Over $13,600 but not over $51,800
$1,360 + 12% of the amount over $13,600
Over $51,800 but not over $82,500
$5,944 + 22% of the amount over $51,800
Over $82,500 but not over $157,500
$12,698 + 24% of the amount over $82,500
Over $157,500 but not over $200,000
$30,698 + 32% of the amount over $157,500
Over $200,000 but not over $500,000
$44,298 + 35% of the amount over $200,000
Over $500,000
$149,298 + 37% of the amount over $500,000
Transcribed Image Text:Exhibit 18- 3 Income Tax Rate Tables Filing status: Single Taxable income Таx At least $0 but not over $9,525 10% of the amount over $0 Over $9,525 but not over $38,700 $952.50 + 12% of the amount over $9,525 Over $38,700 but not over $82,500 $4,453.50 + 22% of the amount over $38,700 Over $82,500 but not over $157,500 $14,089.50 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $32,089.50 + 32% of the amount over $157,500 Over $200,000 but not over $500,000 $45,689.50 + 35% of the amount over $200,000 Over $500,000 $150,689.50 + 37% of the amount over $500,000 Filing status: Married filing jointly or Qualifying widow(er) Taxable income Таx At least $0 but not over $19,050 10% of the amount over $0 Over $19,050 but not over $77,400 $1,905 + 12% of the amount over $19,050 Over $77,400 but not over $165,000 $8,907 + 22% of the amount over $77,400 Over $165,000 but not over $315,000 $28,179 + 24% of the amount over $165,000 Over $315,000 but not over $400,00 $64,179 + 32% of the amount over $315,000 Over $400,00 but not over $600,000 $91,379 + 35% of the amount over $400,000 Over $600,000 $161,379 + 37% of the amount over $600,000 Filing status: Married filing separately Taxable income Тax At least $0 but not over $9,525 10% of the amount over $0 Over $9,525 but not over $38,700 $952.50 + 12% of the amount over $9,525 Over $38,700 but not over $82,500 $4,453.50 + 22% of the amount over $38,700 Over $82,500 but not over $157,500 $14,089.50 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $32,089.50 + 32% of the amount over $157,500 Over $200,000 but not over $300,000 $45,689.50 + 35% of the amount over $200,000 Over $300,000 $80,689.50 + 37% of the amount over $300,000 Filing status: Head of household Taxable income Таx At least $0 but not over $13,600 10% of the amount over $0 Over $13,600 but not over $51,800 $1,360 + 12% of the amount over $13,600 Over $51,800 but not over $82,500 $5,944 + 22% of the amount over $51,800 Over $82,500 but not over $157,500 $12,698 + 24% of the amount over $82,500 Over $157,500 but not over $200,000 $30,698 + 32% of the amount over $157,500 Over $200,000 but not over $500,000 $44,298 + 35% of the amount over $200,000 Over $500,000 $149,298 + 37% of the amount over $500,000
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