.32 tax bracket Wage Income 100,000 0.32 Partnership Income 10,000 0.32 Cash from partnership 5,000 0.32 LTCG 30,000 0.15 $ 4.500 STCG 10,000 0.32 Corperate Bond Intrest 5,000 0.32 Cash dividends 6,000 0.32 Qualifying cash dividends 10,000 0.15 $ 1,500 Inheritance from dead aunt 18,000 0.2 $ 3.600 Gross Income 194,000 Deductions for AGI (8,000) Adjusted Gross Income 186,000 Itemized deductions (20,000) Tax credits (2,000) Taxable Income 164,000 - special tax items 106,000 .=164-30-10-18 Tax Rate 0.32 PreTax Owed 33,920 .=106*.32 Add special taxes 43,520 .=33920+4500+1500+3600 Subtract prepayed taxes (25,000) Total Taxes Owed 18,520