Personal taxes 2 3 Salary 4 Dividend Income 5 Interest Income 6 LT Stock Sale 7 LT Stock Cost 8 ST Stock Sale 9 ST Stock Cost 10 Personal Exemption 11 Hemized Deductions 12 Aplicable Tax Rate on Dividends & LT Capital Gains 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable Income 16 Salary 17 Interest Income 18 ST Capital Gains 19 Income before Exemption and Deductions 20 Personal Exemption 21 Hemized Deductions 22 Taxable Income before Dividends & LT Capital Gains 23 24 Taxes on Taxable income Before Dividends & LT Capital Gains 25 Tax Liability on Base of Bracket 26 Tax Liability on Excess over Base 27 Tax on Taxable Income before Dividends & LT Capital Gains 26 29 Taxes on Dividends & LT Capital Gains 30 Dividend Income 31 LT Capital Gains Income 32 Total Dividend & LT Capital Gains Income 33 Tax on Dividends & LT Capital Gains Income 34 35 Total Federal Tax Liability 36 37 b. Calculation of Marginal Tax Rate 38 Marginal Tax Rate 39 40 c. Calculation of Average Tax Rate 41 Average Tax Rate -42 $113,000.00 $14,000.00 $8,300.00 $21,000.00 $5,600.00 $14,500.00 $7,500.00 $4,000.00 $7,500.00 15.00% Tax Table for Single Individuals: Taxable income Formulas WN/A #N/A #N/A #N/A #N'A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Amount Paid on Base $0.00 $0.00 $9.225.00 $922.50 $37,450.00 $5,156.25 $90.750.00 $18,481.25 $189,750.00 $46,075.25 $411,500.00 $119.401.25 $413.200.00 $119.996.25 Percentage on Excess over Base 10.00% 15.00% 25.00% 28.00% 33.00% 35.00% 39.60% Personal taxes 2 3 Salary 4 Dividend Income 5 Interest Income 6 LT Stock Sale 7 LT Stock Cost 8 ST Stock Sale 9 ST Stock Cost 10 Personal Exemption 11 Hemized Deductions 12 Aplicable Tax Rate on Dividends & LT Capital Gains 13 14 a. Calculation of Federal Tax Liability 15 Calculation of Taxable Income 16 Salary 17 Interest Income 18 ST Capital Gains 19 Income before Exemption and Deductions 20 Personal Exemption 21 Hemized Deductions 22 Taxable Income before Dividends & LT Capital Gains 23 24 Taxes on Taxable income Before Dividends & LT Capital Gains 25 Tax Liability on Base of Bracket 26 Tax Liability on Excess over Base 27 Tax on Taxable Income before Dividends & LT Capital Gains 26 29 Taxes on Dividends & LT Capital Gains 30 Dividend Income 31 LT Capital Gains Income 32 Total Dividend & LT Capital Gains Income 33 Tax on Dividends & LT Capital Gains Income 34 35 Total Federal Tax Liability 36 37 b. Calculation of Marginal Tax Rate 38 Marginal Tax Rate 39 40 c. Calculation of Average Tax Rate 41 Average Tax Rate -42 $113,000.00 $14,000.00 $8,300.00 $21,000.00 $5,600.00 $14,500.00 $7,500.00 $4,000.00 $7,500.00 15.00% Tax Table for Single Individuals: Taxable income Formulas WN/A #N/A #N/A #N/A #N'A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Amount Paid on Base $0.00 $0.00 $9.225.00 $922.50 $37,450.00 $5,156.25 $90.750.00 $18,481.25 $189,750.00 $46,075.25 $411,500.00 $119.401.25 $413.200.00 $119.996.25 Percentage on Excess over Base 10.00% 15.00% 25.00% 28.00% 33.00% 35.00% 39.60%