Taxable Income: $245,500.00 Enter your taxable income from line 26000 of your return. Line 67 Base amount Line 68 67 minus line 68 (cannot be negative) Line 69 Federal tax rate Line 70 Line 69 multiplied by the percentage from line 70 Line 71 Tax on the amount from line 71 Line 72 Line 71 plus line 72 Line 73 By using federal income tax calculation Check Line 73 Taxable Income = $245,500