2018 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 5952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14.089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32.089.50 plus 32% of the excess over $157,500 $200,000 $500,000 $45.689.50 plus 35% of the excess over $200,000 $500,000 $150,689.50 plus 37% of the excess over $500,000 Schedule Y-1. Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,050 10% of taxable income $ 19,050 $ 77,400 51.905 plus 12% of the excess over $19,050 $ 77,400 $165,000 $8,907 plus 22% of the excess over $77,400 $165,000 $315,000 $28.179 plus 24% of the excess over $165,000 $315,000 $400,000 $64.179 plus 32% of the excess over $315,000 $400,000 $600,000 $91,379 plus 35% of the excess over $400,000 $600,000 - $161,379 plus 37% of the excess over $600,000 Schedule Z-Head of Household The tax is: 10% of taxable income $1,360 plus 12% of the excess over $13,600 $5,944 plus 22% of the excess over $51,800 $12.698 plus 24% of the excess over $82,500 $30,698 plus 32% of the excess over $157,500 $44.298 plus 35% of the excess over $200,000 $149.298 plus 37% of the excess over $500,000 If taxable income is over: But not over: $ 0 $ 13,600 $ 13,600 $ 51,800 $ 51,800 $ 82,500 $ 82,500 $157,500 $157,500 $200,000 $200,000 $500,000 $500,000 - Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,525 $ 9,525 $ 38,700 $ 38,700 $ 82,500 $ 82,500 $157,500 $157,500 $200,000 $200,000 $300,000 $300,000 The tax is: 10% of taxable income 5952.50 plus 12% of the excess over 59,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 580.689.50 plus 37% of the excess over $300,000 Estates and Trusts If taxable income is over: $ 0 $ 2,550 $ 9,150 $12,500 But not over: $ 2,550 $9,150 $12.500 The tax is: 10% of taxable income $255 plus 24% of the excess over $2,550 $1,839 plus 35% of the excess over 59.150 $3.011.50 plus 37% of the excess over $12,500 Required Information The following Information applies to the questions displayed below.) In 2018, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. What Is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero If applicable.) c. She received $7,100 of Interest Income from corporate bonds she received several years ago. This is her only source of income. She Is 20 years old at year-end and is a full-time student. Tax liability Required Information [The following Information applies to the questions displayed below.) In 2018, Sheryl Is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. What Is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero if applicable.) d. She received $7,100 of qualified dividend Income. This is her only source of income. She is 16 years old at year-end. Tax liability 2018 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 5952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14.089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32.089.50 plus 32% of the excess over $157,500 $200,000 $500,000 $45.689.50 plus 35% of the excess over $200,000 $500,000 $150,689.50 plus 37% of the excess over $500,000 Schedule Y-1. Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,050 10% of taxable income $ 19,050 $ 77,400 51.905 plus 12% of the excess over $19,050 $ 77,400 $165,000 $8,907 plus 22% of the excess over $77,400 $165,000 $315,000 $28.179 plus 24% of the excess over $165,000 $315,000 $400,000 $64.179 plus 32% of the excess over $315,000 $400,000 $600,000 $91,379 plus 35% of the excess over $400,000 $600,000 - $161,379 plus 37% of the excess over $600,000 Schedule Z-Head of Household The tax is: 10% of taxable income $1,360 plus 12% of the excess over $13,600 $5,944 plus 22% of the excess over $51,800 $12.698 plus 24% of the excess over $82,500 $30,698 plus 32% of the excess over $157,500 $44.298 plus 35% of the excess over $200,000 $149.298 plus 37% of the excess over $500,000 If taxable income is over: But not over: $ 0 $ 13,600 $ 13,600 $ 51,800 $ 51,800 $ 82,500 $ 82,500 $157,500 $157,500 $200,000 $200,000 $500,000 $500,000 - Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 9,525 $ 9,525 $ 38,700 $ 38,700 $ 82,500 $ 82,500 $157,500 $157,500 $200,000 $200,000 $300,000 $300,000 The tax is: 10% of taxable income 5952.50 plus 12% of the excess over 59,525 $4,453.50 plus 22% of the excess over $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,089.50 plus 32% of the excess over $157,500 $45,689.50 plus 35% of the excess over $200,000 580.689.50 plus 37% of the excess over $300,000 Estates and Trusts If taxable income is over: $ 0 $ 2,550 $ 9,150 $12,500 But not over: $ 2,550 $9,150 $12.500 The tax is: 10% of taxable income $255 plus 24% of the excess over $2,550 $1,839 plus 35% of the excess over 59.150 $3.011.50 plus 37% of the excess over $12,500 Required Information The following Information applies to the questions displayed below.) In 2018, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. What Is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero If applicable.) c. She received $7,100 of Interest Income from corporate bonds she received several years ago. This is her only source of income. She Is 20 years old at year-end and is a full-time student. Tax liability Required Information [The following Information applies to the questions displayed below.) In 2018, Sheryl Is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. What Is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero if applicable.) d. She received $7,100 of qualified dividend Income. This is her only source of income. She is 16 years old at year-end. Tax liability