Question
Decide the appropriate tax schedule from below for the given question. Use the chosen tax schedule to answer the question. Schedule X-Use if your
Decide the appropriate tax schedule from below for the given question. Use the chosen tax schedule to answer the question. Schedule X-Use if your 2014 filing status is Single Schedule Z-Use if your 2014 filing status is Head of household If line 5 is: The tax is: If line 5 is: The tax is: But not of the amount of the But not amount Over- over- over- Over- over- over- $0 $12,950 + 10% SO $0 $9,075 + 10% $0 12,950 49,400 $1,295.00 +15% 12,950 9,075 36,900 $907.50 +15% 9,075 36,900 89,350 5,081.25 +25% 36,900 18,193.75 + 28% 89,350 186,350 186,350 405,100 45,353.75 + 33% + 35% 405,100 406,750 117,541.25 + 39.6% 406,750 118,118.75 89,350 186,350 405,100 49,400 127,550 206,600 206,600 405,100 432,200 405,100 432,200 127,550 6,762.50 +25% 49,400 26,300.00+28% 127,550 48,434.00 +33% 113,939.00 +35% 123,424.00 + 39.6% 206,600 405,100 432,200 406,750 Fabio is not married and does not support any other individuals. If he expects to earn $10,820 in taxable income from doing freelance painting, what is his estimated tax amount rounded to the nearest llor? Do not include a dollar sign in your answer.
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