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2018 Tax Rate Schedules Schedule X Single Schedule 2 Head of Hasehold If tasable income i over: The tax a If tasabla income is over

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2018 Tax Rate Schedules Schedule X Single Schedule 2 Head of Hasehold If tasable income i over: The tax a If tasabla income is over Sut not over s 13.600 51,800 $ 82 500 157500 200,000 500,000 But not over: The tas in 9.525 18,700 82,500 $157.500 10% of taxable income $1,360 plas 12% of the excess over $13,000 $5,944 plus 22% oe the excess over $51,000 $12.093 ptas 24% ofthe excess over $82,500 530.098 p as 32% or the excess over $157,500 $44,298 plus 35% of the ence" ovr $200,000 $149.296 ptas 37% oe the atcen o ar $500,000 or taxable income 9,525 38,700 5 82,300 157.500 $200,000 $952.50 plus 12% of the eaceas over $9,525 $4,453.50 plus 22% oe the utoes over $38,700 $14,009.50 plus 24% of the gteeas over $82,500 552.089.50 plus 32% of the excess over $157,500 $45,609.50 plus 35% oethe ewess over $200,000 $150,689.50 ptus 37% oe th ances: over $500,000 13,600 51,800 S 82.500 $157.500 $500,000 Sehedule Y-1-Marriad Filing Jointty or Qualifying Widom(r) Schedule Y-2-Married Fling Separately If taxable income is over: The tax is But not over: 19,050 $ 17,400 5165,000 315,000 The tax iB If taxable income is over: 19,050 77,400 $165,000 $315,000 $400,000 10% of taille income $1,505 plus 12% od the man over $19,050 sa.907 plus 22%ofthe eneas over $77,000 $28,179 plus 24% of the etcets over $165,000 S64.179 plus 32% of theme" over $315,000 $91,379 plus 35% of the coce" over $400,000 $ 161,579 plus 37% of the excess over S000.000 $ 9.525 S 38,700 S 2,500 $157,500 $200,000 5300,000 But not over: $ 9525 $ 38,700 $ 82,500 $157.500 200,000 5300,000 10% of taxable income $952 50 plas 12% of the acsa ovr $9525 $4,453 50 plus 22% of th e mess oner $38,700 $14,089.50 plus 24% of the excess over $82,500 $32,009.50 ptus 32% of the excess over $157,500 $45,639.50 plus 35% of the "tooss over $200,000 SSO-589 50 plus37% of the eccess over $300,000 Check my work Problem 4-30 (LO 4-1) [The following information applies to the questions displayed below. Rick, who is single, has been offered a position as a city landscape consultant. The position pays $134,600 in cash wages. Assume Rick has no dependents. Rick deducts the standard deduction instead of itemized deductions. (Use the tax rate schedules.) Problem 4-30 Part-a a. What is the amount of Rick's after-tax compensation (ignore payroll taxes)? (Round your intermediate calculations and final answer to the nearest whole dollar amount. Enter deductions as negative amounts). Description Amount $ 134,600 (1) Gross income (2) For AGI deductions (3) Adjusted gross income (4) Standard deduction (5) Taxable income (6) Income tax liability $ 134,600 $ 134,600 After-tax compensation

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