Question
Paige, age 17, is a dependent of her parents. During 2018, Paige earned $3,900 pet sitting and $4,100 in interest on a savings account. Click
Paige, age 17, is a dependent of her parents. During 2018, Paige earned $3,900 pet sitting and $4,100 in interest on a savings account.
Click here to access the 2018 tax rate schedule
What are Paige's taxable income and tax liability for 2018?
a. Paige's total taxable income is $.
b. Paige's tax liability is $.
2018 Tax Rate Schedules SingleSchedule X Head of householdSchedule Z If taxable income is: Over But not over The tax is: of the amount over If taxable income is: Over But not over The tax is: of the amount over $ 0 $ 9,525 10% $ 0 $ 0 $ 13,600 10% $ 0 9,525 38,700 $ 952.50 1 12% 9,525 13,600 51,800 $ 1,360.00 1 12% 13,600 38,700 82,500 4,453.50 1 22% 38,700 51,800 82,500 5,944.00 1 22% 51,800 82,500 157,500 14,089.50 1 24% 82,500 82,500 157,500 12,698.00 1 24% 82,500 157,500 200,000 32,089.50 1 32% 157,500 157,500 200,000 30,698.00 1 32% 157,500 200,000 500,000 45,689.50 1 35% 200,000 200,000 500,000 44,298.00 1 35% 200,000 500,000 150,689.50 1 37% 500,000 500,000 149,298.00 1 37% 500,000 Married filing jointly or Qualifying widow(er) Schedule Y1 Married filing separatelySchedule Y2 If taxable income is: Over But not over The tax is: of the amount over If taxable income is: Over But not over The tax is: of the amount over $ 0 $ 19,050 10% $ 0 $ 0 $ 9,525 10% $ 0 19,050 77,400 $ 1,905.00 1 12% 19,050 9,525 38,700 $ 952.50 1 12% 9,525 77,400 165,000 8,907.00 1 22% 77,400 38,700 82,500 4,453.50 1 22% 38,700 165,000 315,000 28,179.00 1 24% 165,000 82,500 157,500 14,089.50 1 24% 82,500 315,000 400,000 64,179.00 1 32% 315,000 157,500 200,000 32,089.50 1 32% 157,500 400,000 600,000 91,379.00 1 35% 400,000 200,000 300,000 45,689.50 1 35% 200,000 600,000 161,379.00 1 37% 600,000 300,000 80,689.50 1 37% 300,000
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