Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 11,000 $ 44,725 $ 95,375 $ 182,100 $231,250 $ 346,875 $ 11.000 $ 44,725 , $ 95,375 $ 182,100 $ 231,250 $ 346,875 The tax is: 10% of taxable income $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $16,290 plus 24% of the excess over $95,375 $37,104 plus 32% of the excess over $182,100 $52,832 plus 35% of the excess over $231,250 $93,300.75 plus 37% of the excess over $346,875
Schedule Y-2-Married Filing Separately If taxable income is over: But not over: $ 0 $ 11,000 $ 44,725 $ 95,375 $ 182,100 $231,250 $ 346,875 $ 11.000 $ 44,725 , $ 95,375 $ 182,100 $ 231,250 $ 346,875 The tax is: 10% of taxable income $1,100 plus 12% of the excess over $11,000 $5,147 plus 22% of the excess over $44,725 $16,290 plus 24% of the excess over $95,375 $37,104 plus 32% of the excess over $182,100 $52,832 plus 35% of the excess over $231,250 $93,300.75 plus 37% of the excess over $346,875
Chapter4: Managing Income Taxes
Section: Chapter Questions
Problem 6FPC
Related questions
Question
Leonardo, who is married but files seperately, earns 80,400 of taxable income. He also has $15,400 in city of Tulsa bonds. His wife, Theresa, earns $50,400 of taxable income. If leonardo earned an afditional $30,400 of taxable income this year, what would be the marginal tax rate on the extra income for 2023?
Schedule Y-2-Married Filing Separately

Transcribed Image Text:Schedule Y-2-Married Filing Separately
If taxable income is over: But not over:
$
0
$
11,000
$ 44,725
$ 95,375
$ 182,100
$231,250
$ 346,875
$
11.000
$ 44,725
,
$ 95,375
$ 182,100
$ 231,250
$ 346,875
The tax is:
10% of taxable income
$1,100 plus 12% of the excess over $11,000
$5,147 plus 22% of the excess over $44,725
$16,290 plus 24% of the excess over $95,375
$37,104 plus 32% of the excess over $182,100
$52,832 plus 35% of the excess over $231,250
$93,300.75 plus 37% of the excess over $346,875
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