Anita calculated her 2015 taxable income to be $111,650. Using the 2015 federal income tax brackets and rates, how much federal income tax should she report? Taxable Income (Income tax brackets) Tax Rates $44,701 or less 15% of taxable income less than or equal to $44,701; plus $44,701 to $89,401 22% of taxable income greater than $44,701 and less than or equal to $89,401; plus $89,401 to $138,586 26% of taxable income greater than $89,401 and less than or equal to $138,586; plus Over $138,586 29% of taxable income greater than $138,586