You earned $50,140 taxable income last year. What is your effective tax rate using the Single Filer Tax Bracket below (round percentage to two decimal places) (DO NOT INCLUDE % SIGN)? 2020 federal income tax brackets (for taxes due in April 2021, or in October 2021 with an extension) Expand the filing status that applies to you. Single filers Tax rate Taxable income bracket Tax owed 10% 12% 22% 24% $0 to $9,875 $9,876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 10% of taxable income $987.50 plus 12% of the amount over $9,875 $4,617.50 plus 22% of the amount over $40,125 $14,605.50 plus 24% of the amount over $85,525 [F