Question at the Bottom 2022 Tax Rate Schedules IndividualsSchedule X-Single If...
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Question at the Bottom
2022 Tax Rate Schedules
IndividualsSchedule X-Single
If taxable income is over:
But not over:
The tax is:
$ 0
$ 10,275
10% of taxable income
$ 10,275
$ 41,775
$1,027.50 plus 12% of the excess over $10,275
$ 41,775
$ 89,075
$4,807.50 plus 22% of the excess over $41,775
$ 89,075
$ 170,050
$15,213.50 plus 24% of the excess over $89,075
$ 170,050
$ 215,950
$34,647.50 plus 32% of the excess over $170,050
$ 215,950
$ 539,900
$49,335.50 plus 35% of the excess over $215,950
$ 539,900
$162,718 plus 37% of the excess over $539,900
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is over:
But not over:
The tax is:
$ 0
$ 20,550
10% of taxable income
$ 20,550
$ 83,550
$2,055 plus 12% of the excess over $20,550
$ 83,550
$ 178,150
$9,615 plus 22% of the excess over $83,550
$ 178,150
$ 340,100
$30,427 plus 24% of the excess over $178,150
$ 340,100
$ 431,900
$69,295 plus 32% of the excess over $340,100
$ 431,900
$ 647,850
$98,671 plus 35% of the excess over $431,900
$ 647,850
$174,253.50 plus 37% of the excess over $647,850
Schedule Z-Head of Household
If taxable income is over:
But not over:
The tax is:
$ 0
$ 14,650
10% of taxable income
$ 14,650
$ 55,900
$1,465 plus 12% of the excess over $14,650
$ 55,900
$ 89,050
$6,415 plus 22% of the excess over $55,900
$ 89,050
$ 170,050
$13,708 plus 24% of the excess over $89,050
$ 170,050
$ 215,950
$33,148 plus 32% of the excess over $170,050
$ 215,950
$ 539,900
$47,836 plus 35% of the excess over $215,950
$ 539,900
$161,218.50 plus 37% of the excess over $539,900
Schedule Y-2-Married Filing Separately
If taxable income is over:
But not over:
The tax is:
$ 0
$ 10,275
10% of taxable income
$ 10,275
$ 41,775
$1,027.50 plus 12% of the excess over $10,275
$ 41,775
$ 89,075
$4,807.50 plus 22% of the excess over $41,775
$ 89,075
$ 170,050
$15,213.50 plus 24% of the excess over $89,075
$ 170,050
$ 215,950
$34,647.50 plus 32% of the excess over $170,050
$ 215,950
$ 323,925
$49,335.50 plus 35% of the excess over $215,950
$ 323,925
$87,126.75 plus 37% of the excess over $323,925
Jorge and Anita, married taxpayers, earn $152,400 in taxable income and $40,600 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their average tax rate? What is their effective tax rate? What is their current marginal tax rate?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Federal tax
$45,277selected answer incorrect
Average tax rate
24.00selected answer incorrect
%
Effective tax rate
not attempted
%
Marginal tax rate
not attempted
%
Answer & Explanation
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