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If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for 2021? (Use tax rate schedule.) 2021 Tax
If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for 2021? (Use tax rate schedule.)
2021 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 S 9.950 10% of taxable income $ 9.950 $ 40,525 S995 plus 12% of the excess over $9.950 $ 40,525 $ 86,375 $4.664 plus 22% of the excess over $40.525 $ 86,375 $164.925 $14.751 plus 24% of the excess over $86,375 $ 164.925 S 209.425 $33,603 plus 32% of the excess over $164.925 $ 209,423 $ 523,600 47,843 plus 35% of the excess over $209,425 S 523,600 $157,804.25 plus 37% of the excess over $523.600 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: S 0 $ 19.900 10% of taxable income $ 19,900 $ 81.050 $1.990 plus 12% of the excess over $19.900 $ 81,050 S 172,750 $9,328 plus 22% of the excess over $81,050 $ 172,750 $ 329,850 $29,502 plus 24% of the excess over $172.750 $ 329,850 $ 418,850 $67,206 plus 32% of the excess over $329,850 $ 418,850 $ 628,300 595,686 plus 35% of the excess over $418,850 S 628,300 $168.993 50 plus 37% of the excess over $628 300 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 S 14.200 10% of taxable income $ 14,200 $ 54.200 $1,420 plus 12% of the excess over $14,200 $ 54,200 $ 86350 $6,220 plus 22% of the excess over $54,200 $ 86,350 $ 164,900 $13,293 plus 24% of the excess over $86,350 S 164,900 $ 209,400 $32.145 plus 32% of the excess over $164.900 $ 209,400 S 523.600 S46,385 plus 35% of the excess over $209,400 $ 523.600 $156,355 plus 37% of the excess over $523.600 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $9.950 10% of taxable income $ 9.950 $ 40.525 S995 plus 12% of the excess over S 9950 $ 40,525 $ 86,375 $4.664 plus 22% of the excess over $40.525 $ 86,375 S 164,925 $14,751 plus 24% of the excess over $86,375 $164.925 $ 209,425 $33,603 plus 32% of the excess over $164.925 $ 209,425 $ 314,150 S47,843 plus 35% of the excess over $209,425 $ 314,150 $84,496.75 plus 37% of the excess over $314.150 Step by Step Solution
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