2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: I: at not over: $ 9,875 $ 40,125 $ 85 ,525 $163 ,300 $207 ,350 $518 ,400 The tax is: 10% of taxable income $987.50 plus 12% of the excess over $9,875 4,617.50 plus 22% of the excess over $40,125 14,605.50 plus 24% of the excess over $85,525 33,271.50 plus 32% of the excess over $163,300 47,367.50 plus 35 % of the excess over $207,350 156,235 plus 37% of the excess over $518,400 $ 9,875 $ 40,125 $ 85,525 $163,300 $207,350 $518,400 Schedule Y-l-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: I ut not over: The tax is: $ 19,750 0% of taxable income $ 80,250 1,975 plus 12% of the excess over $19,750 $171,050 9,235 plus 22% of the excess over $80,250 $326,600 29,211 plus 24% of the excess over $171,050 $414,700 66,543 plus 32% of the excess over $326,600 $622,050 94,735 plus 35% of the excess over $414,700 167,307.50 plus 37% of the excess over $622,050 $ 19,750 $ 80,250 $171,050 $326,600 $414,700 $622,050 Schedule Z-Head of Household If taxable income is over: I ut not over: 33 14,100 $ 53,700 $ 85,500 $163,300 $207 ,350 $5 18 ,400 The tax is: 0% of taxable income 1,410 plus 12% of the excess over $14,100 6,162 plus 22% of the excess over $53,700 13,158 plus 24% of the excess over $85,500 31,830 plus 32% of the excess over $163 ,300 45,926 plus 35 % of the excess over $207,350 154,793.50 plus 37% of the excess over $518,400 $ 14,100 $ 53,700 $ 85 ,500 $163 ,300 $207,350 $518,400 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,875 10% of taxable income $ 9,875 $ 40,125 $987.50 plus 12% of the excess over $9,875 $ 40,125 $ 85,525 $4,617.50 plus 22% of the excess over $40,125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $311,025 $47,367.50 plus 35% of the excess over $207,350 $311,025 $83,653.75 plus 37% of the excess over $311,025a. What is Marc and Michelle's gross income? Description Amount Gross income 0 b. What is Marc and Michelle's adjusted gross income? Adjusted gross incomec. What is the total amount of Marc and Michelle's deductions from AGI? Total deductions from AGI d. What is Marc and Michelle's taxable income? Taxable income e. What is Marc and Michelle's taxes payable or refund due for the year