Manually calculate Federal tax liability on $152,272.48 using the Marginal Tax Rate Schedule for 2019 for a couple who filed Married filing jointly.

How do you get the 152,272.48 ?

	Salary Components	Dollars
1	Salary	$ 98,000.00
1	Bonus	$ 61,000.00
1	Term Ins	$ 132.48
1	Sub total	$ 159,132.48
1	Pension	$ 6,860.00
1	1040 Line 1	$ 152,272.48

If your taxable income is:		The tax is:
Over	But not over		of the amount over-
$0	$19,400	......... 10%	$0
19,400	78,950	$1,940.00 +12%	19,400
78,950	168,400	9,086.00 + 22%	78,950
168,400	321,450	28,765.00 + 24%	168,400
321 ,450	408,200	65,497.00 + 32%	321,450
408,200	612,350	93,257.00 + 35%	408,200
612,350	.............	164,709.50+37%	612,350