Federal Tax Brackets and Associated Tax Rates for Single Filers (2018) If your taxable income is over but not over your tax is $0 $9,525 10% of your taxable income $9,525 $38,700 $952.50 + 12% of the amount over $9,525 $38,700 $82,500 $4,453.50 + 22% of the amount over $38,700 $82,500 $157,500 $14,089.50 + 24% of the amount over $82,500 $157,500 $200,000 $32,089.50 + 32% of the amount over $157,500 $200,000 $500,000 $45,689.50 + 35% of the amount over $200,000 Using this table, if you are a single filer with a taxable income of $74,200, how much tax do you owe? ( a.) $12,263.50 b.) $16,324 O c.) $4,453.50 ( d.) $8,904 199+