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2021 federal income tax brackets (for taxes due in April 2022 or in October 2022 with an extension) Expand the filing status that applies to

2021 federal income tax brackets

(for taxes due in April 2022 or in October 2022 with an extension)

Expand the filing status that applies to you.

Single filers

Tax rate

Taxable income bracket

Tax owed

10%

$0 to $9,950

($9,950 0) *10

12%

$9,951 to $40,525

($40,525-9951)*12

22%

$40,526 to $86,375

(Taxable Income - $40, 526) *.22

24%

$86,376 to $164,925

$14,751 plus 24% of the amount over $86,375

32%

$164,926 to $209,425

$33,603 plus 32% of the amount over $164,925

35%

$209,426 to $523,600

$47,843 plus 35% of the amount over $209,425

37%

$523,601 or more

$157,804.25 plus 37% of the amount over $523,600

Question 2. part B: So if you were a single filer and made what Ross made, you still fall in the 22% brackets, so how much taxes would you pay? (See example and video, if you want me to review it before turning in just let me know, great work)

Question 2. part C: What would be your average tax rate?

(Just divide the Total Tax Expense, once calculated, by Taxable Income=?)

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