# Using the tax table, determine the amount of taxes for the following situations: a. A head of...

## Question:

Using the tax table, determine the amount of taxes for the following situations:

Rate on Taxable Income Single Taxpayers Married Taxpayers Filing Jointly Heads of Household
10% Up to $9,075 Up to$18,150 Up to $12,950 15$9,076-$36,900$18,151-$73,800$12,951-$49,400 25$36,901-$89,350$73,801-$148,850$49,401-$127,550 28$89,351-$186,350$148,851-$226,850$127,551-$206,600 33$186,351-$405,100$226,851-$405,100$206,601-$405,100 36$45,101-$406,750$405,101-$457,600$405,101-$432,200 39.6 Over$406,751 Over $457,601 Over$432,201

a. A head of household with taxable income of $55,000 b. A single person with taxable income of$35,000

c. Married taxpayers filing jointly with a taxable income of \$72,000

## Marginal Tax Rate:

The United States has a marginal tax rate for individual income tax purposes. This means that a portions of your income are taxed in different tax brackets. If you make above a certain amount only the additional income will be taxed in the higher bracket.

• To calculate the taxes for each situation listed below we must multiply the taxable income by the marginal tax rate. The first portion of the taxable...

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