Schedule Y-1-Married Filing Jointly or Qualifying surviving spouse If taxable income is over: But not over: $ 0 $ 23,200 $ 94,300 $201,050 $ 383,900 $ 487,450 $ 731,200 $ 23,200 $ 94,300 $201,050 $ 383,900 $ 487,450 $ 731,200 The tax is: 10% of taxable income $2,320 plus 12% of the excess over $23,200 $10,852 plus 22% of the excess over $94,300 $34,337 plus 24% of the excess over $201,050 $78,221 plus 32% of the excess over $383,900 $111,357 plus 35% of the excess over $487,450 $196,669.50 plus 37% of the excess over $731,200

Schedule Y-1-Married Filing Jointly or Qualifying surviving spouse If taxable income is over: But not over: $ 0 $ 23,200 $ 94,300 $201,050 $ 383,900 $ 487,450 $ 731,200 $ 23,200 $ 94,300 $201,050 $ 383,900 $ 487,450 $ 731,200 The tax is: 10% of taxable income $2,320 plus 12% of the excess over $23,200 $10,852 plus 22% of the excess over $94,300 $34,337 plus 24% of the excess over $201,050 $78,221 plus 32% of the excess over $383,900 $111,357 plus 35% of the excess over $487,450 $196,669.50 plus 37% of the excess over $731,200

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 43P

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