Occupation Yearly Filing Amount of Tax Rate on Income Status Tax Income over the Base Income Pierre $115,000 single $30,429.00 31% Joneses $175,000 married filing $46,354.50 36% jointly Pierre: [.31 x (115,000-62,450)] + 14,138.50 = 30,429.00 Joneses: [.36 x (175,000-158,550] + 40,432.50 = 46,354.50
Occupation Yearly Income Filing Status Amount of Tax Tax Rate on Income over the Base Income Pierre $115,000 single $30,429.00 31% Joneses $175,000 married filing jointly $46,354.50 36% Pierre: [.31 x (115,000-62,450)] + 14,138.50 = 30,429.00 Joneses: [.36 x (175,000-158,550] + 40,432.50 = 46,354.50
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