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5. Taxes Ask the user how much money they made in 2020 and their filing status (Single, Married, Head of Household). They made a
5. Taxes Ask the user how much money they made in 2020 and their filing status (Single, Married, Head of Household). They made a lot of money off Roblox and Bitcoin last year! Calculate the total amount of tax due based on the appropriate rate. Rate For Single Individuals 10% Up to $9,875 Up to $19,750 2020 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, and Heads of Households For Married Individuals Filing Joint Returns For Heads of Households Up to $14, 100 12% $9,876 to $19,751 to $80,250 $40,125 $14,101 to $53,700 22% $40,126 to $80,251 to $171,050 $85,525 24% $85, 526 to $171,051 to $326,600 $163,300 32% $163,301 to $326,601 to $414,700 $207,350 $53,701 to $85,500 $85,501 to $163,300 $163,301 to $207,350 35% $207,351 to $414,701 to $622,050 $518,400 $207,351 to $518,400 37% $518,401 or more $622,051 or more $518,401 or more Source: Internal Revenue Service
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