use tax rate schedule 2022

Chuck, a single taxpayer, earns $79,200 in taxable income and $15,000 in interest from an investment in City of Heflin bonds (Use the U.S tax rate schedule) Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D How much federal tax will he owe? Note: Do not round intermediate calculations, Round "Federal tax" to nearest whole dollar amount. Federal tax 1 Ma Mared F BETALLION CHE-BETE Mar MUY BEURE Bak BILIM #12304 Amount of Each Additional Standard Deduction for Tanpeyers Who Are Age 2822 Amm Mar $1,400 Single prof Exemption Amart Calang m Corporations 2821 $4,300 215 KIS SELIM WITH POMORY LIST $1,000 2922 $4,400 Taxable Income Bind OUTS 1413 $13 $12310 112358 so $83,550 5178,150 40,100 900 If taxable incis $10,275 50 $41,775 $29,075 If taxable income is over: S 0 $20,550 $170,050 $215,950 $178,150 $340,100 $431,900 Schedule X-Simple $647,850 Bet met Over $215,950 $539,900 $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) But not over: The tax is: $ 20,550 10% of taxable income $83,550 $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.5 plus 37% of the excess over $647,850 $10,275 10% of taxable income $1,027.5 plus 12% of the excess over $10,275 $4,807.5 phos 22% of the excess over $41,775 $15,2135 plus 24% of the exCESS OVE $59,075 $34,647,5 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $162,718 plus 37% of the excess over $539,900 $41,775 The ten $59,075 $170.050 2022 Tax Rate Schedules Individuals Schedule Z-Head of Household Hot not OVEK: The tax in 10% of taxable income $14,650 $55,900 $1,465 plus 12% of the excess over $14,650 $39.050 $6,415 plus 22% of the excess over $55,900 $170.050 $13,708 plas 24% of the excess OVRE $89,050 $215,950 $33,145 plus 32% of the excess over $170,050 $539,900 $47,536 plus 35% of the excess over $215,950 $161,218.5 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately But not over: The tax is: $10,275 10% of taxable income $41,775 $1,027.5 plus 12% of the excess over $10,275 $89,075 $4,807.5 plus 22% of the excess over $41,775 $170,050 $15,213.5 plus 24% of the excess over $89,075 $215,950 $34,647.5 plus 32% of the excess ov $170,050 $323,925 $49,335.5 plus 35% of the excess c $215,950 $87,126.75 plus 37% of the excess $323,925 If taxable income is OVE: D $14,650 $55,900 $89,050 $170,050 $215,950 $539,900 If taxable income is over: $ 0 $10,275 $41,775 $89,075 $170,050 $215,950 $323,925