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Suppose you are single and your personal taxable income is $90,000. Your taxes are due on April 15, 2020. Calculate your tax bill, average and
Suppose you are single and your personal taxable income is $90,000. Your taxes are due on April 15, 2020. Calculate your tax bill, average and marginal tax rate.
4. Personal income tax Federal tax brackets: 2019 tax brackets (for taxes due April 15, 2020) Single Head of household Tax rate Up to $9,700 Up to $13,850 10% $9,701 to $39,475 $13,851 to $52,850 12% $39,476 to $84,200 $52,851 to $84,200 22% $84,201 to $160,725 $84,201 to $160,700 24% $160,726 to $204,100 $160,701 to $204,100 32% $204,101 to $510,300 $204,101 to $510,300 35% $510,301 or more $510,301 or more 37%Step by Step Solution
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