To figure your income tax for the year add your salary of $50,000 and the interest you earned from saving $150 a month. (Use the interest figured on the SAVINGS slide) The subtract $12,950 from the total. (we will assume you are single)

$50,000 + Interest from Savings slide - $12,950 (standard deduction) = $______taxable income

Use the marginal tax tables to figure your income tax for the year. Divide the total by 12 to find the monthly expense.

Income Tax for the Year - $_________

Monthly Income Tax - $___________