Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Single-Schedule X If taxable 2023 Tax Rate Schedules Head of household-Schedule Z income is: Over- $ 0 But not over- $ 11,000 The tax
Single-Schedule X If taxable 2023 Tax Rate Schedules Head of household-Schedule Z income is: Over- $ 0 But not over- $ 11,000 The tax is: of the amount over- If taxable of the income is: Over- But not over- amount The tax is: over- .........10% $ 0 $ 0 $ 15,700 .........10% $ 0 11,000 44,725 44,725 95,375 $ 1,100.00 + 12% 11,000 15,700 59,850 $ 1,570.00+ 12% 15,700 5,147.00 + 22% 44,725 59,850 95,350 6,868.00 +22% 59,850 95,375 182,100 16,290.00 + 24% 95,375 95,350 182,100 14,678.00 + 24% 95,350 182,100 231,250 37,104.00 + 32% 182,100 182,100 231,250 35,498.00 + 32% 182,100 231,250 578,125 52,832.00+35% 231,250 231,250 578,100 51,226.00 35% 231,250 578,125 174,238.25 + 37% 578,125 578,100 172,623.50 + 37% 578,100 Married filing jointly or Qualifying widow(er)- Schedule Y-1 If taxable income is: Over- $ 0 But not over- $ 22,000 of the amount The tax is: over- If taxable income is: Over- But not over- Married filing separately-Schedule Y-2 of the amount over- .........10% $ 0 $ 0 $ 11,000 The tax is: .........10% $ 0 22,000 89,450 $ 2,200.00+ 12% 22,000 11,000 44,725 $ 1,100.00 12% 11,000 89,450 190,750 10,294.00 + 22% 89,450 44,725 95,375 5,147.00 +22% 44,725 190,750 364,200 32,580.00 24% 190,750 95,375 182,100 16,290.00 + 24% 95,375 364,200 462,500 74,208.00 32% 364,200 182,100 231,250 37,104.00 + 32% 182,100 462,500 693,750 105,664.00 + 35% 462,500 231,250 346,875 52,832.00 35% 231,250 693,750 186,601.50 + 37% 693,750 346,875 93,300.7537% 346,875
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started