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Calculate the federal tax on line 73 for the following taxable income using the format below: 1 $45,600 2 $63,500 3 $102,700 4 $159,000 5
Calculate the federal tax on line 73 for the following taxable income using the format below: | |||||
1 | $45,600 | ||||
2 | $63,500 | ||||
3 | $102,700 | ||||
4 | $159,000 | ||||
5 | $220,000 |
Line 26000 is $49,020 or less | Line 26000 is more than $49,020 but not more than $98,040 | Line 26000 is more than $98,040 but not more than $151,978 | Line 26000 is more than $151,978 but not more than $216,500 | Line 26000 is more than $216,511 | Line # | ||||
Amount from line 26000 | 0 | 0 | 0 | 0 | 0 | 67 | |||
Line 67 minus line 68 (cannot be negative) | - | 0 | 49020 | 98040 | 151978 | 216500 | 68 | ||
be negative) | = | 0 | 0 | 0 | 0 | 0 | 69 | ||
Line 69 multiplied by the | x | 15% | 20.50% | 26% | 29% | 33% | 70 | ||
percentage from line 70 | = | 0 | 0 | 0 | 0 | 0 | 71 | ||
Line 71 plus line 72 | + | 0 | 7353 | 17,402.10 | 31425.98 | 50140.55 | 72 | ||
Federal tax on taxable income | = | 0 | 0 | 0.00 | 0 | 0 | 73 |
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