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BER Jill and Jane are married taxpayers fing a joint return. Their combined taxable income is $204,900. The IRS offers a tax schedule so that
BER Jill and Jane are married taxpayers fing a joint return. Their combined taxable income is $204,900. The IRS offers a tax schedule so that taxpayers can calculate their tics. Use the Lix schedule below for married taxpayers fling jointly to cakulate their tax Schedule Y-1-if your filing status is Married filing jointly or Qualifying widow(er) If your taxable The tax is: income is: of the But not amount Over- over- over- $0 $18,450 10% $0 18,450 74,900 $1,845.00 + 15% 18,450 74,900 151,250 10,312.50 + 25% 74,900 151,200 230,450 29,387.50 + 28% 151,200 230,450 411,500 51,577.50 + 33% 230,450 411,500 411,500 111,324.00 + 35% 464,850 129,996.50 + 35% 464,850 464,850 Tax owed: $ X 44,414,50
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