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Use the tax chart below for numbers 6-10. IRS Federal Income Tax for Tax Year 2020 (Due in April 2021) Unmarried Individuals (other than Surviving
Use the tax chart below for numbers 6-10. IRS Federal Income Tax for Tax Year 2020 (Due in April 2021) Unmarried Individuals (other than Surviving Spouses and Heads of Households) If Taxable Income Is Not over $9,875 Over $9,875 but not over $40,125 Over $40,125 but not over $85,525 Over $85,525 but not over $163,300 Over $163,300 but not over $207,350 Over $207,350 but not over $518,400 Over $518,400 The Tax Is 10% of the taxable income $987.50 plus 12% of the excess over $9,875 $4,617.50 plus 22% of the excess over $40,125 $14,605.50 plus 24% of the excess over $85,525 $33,271.50 plus 32% of the excess over $163,300 $47,367.50 plus 35% of the excess over $207,350 $156,235 plus 37% of the excess over $518,400 6. Chris earns $160,000 per year. He is single man. What will his taxes be in 2020? 7. Brooke is a single woman making $54,000/year. What will her taxes be in 2020? 8. If Brooke ad Chris were married but filed as singles, then what would their total taxes be? 9. Chris got a 5% raise in 2020. What is his new salary? 10. With the 5% raise, what is Chris's new tax amount?
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