Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a taxable income of $200,000. 2017 Tax Rate Schedules Schedule X-Single Schedule Z-Head of household of the amoun! of the If line 5 is: The tax is: If line 5 is: The tax is: But not amount Over- But not Over- Over- over- Over-- over- $13,350 $0 + 10% $0 $0 S9,325 $0 + 10% $0 13,350 50,800 9,325 13,350 50,800 1,335 + 15% 9,325 37,950 932.50 + 15% 6,952.50 +25% 27,052.50 + 23% 49,816.50 + 33% 117,202.60 + 35% 37,950 50,800 131,200 5,226.25 + 25% 16,713.75 + 28% 46,643.75 + 33% 37,950 91,900 131,200 131,200 212,500 191,650 416,70D 91,900 191,650 91,900 212,500 416,700 444,550 212,50D 191,650 416,700 416,700 416,700 418,400 416,700 418,400 120,910.25 +35% 444,550 444,550 and greater 126,950 +39.6% 418,400 and greater 121,505.25 +39.6% Schedule Y-2-Married filing separately of the amount Schedule Y-1-Married filing jointly or Qualifying widow(er)| If line 5 is: The tax is: of the amount over- f line 5 is: The tax is: But no! But nol over- Over- Over- Dver- over- $9,325 $0 + 10% $0 $0 $18,650 $0 + 10% $0 9,325 37,950 932.50 + 15% 9,325 1,865 + 15% 10,452.50 + 25% 29,752.50 + 28% 52,222.50 +33% 112,728 + 35% 18,650 75,900 153,100 75,900 18,650 75,900 153,100 233,350 416,700 416,700 5,226.25+ 25% 14,876.25 + 23% 26,111.25 + 33% 56,364 +35% 37,950. 76,550 37,950 153,100 76,550 116,675 76,550 233,350 116,675 208,350 233,350 116,675 208,350 470,700 416,700 208,350 235,350 470,700 and greater 131,628 + 39.6% 470,700 ER 235,350 and greater 65,814 + 39.6% 235,350
Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a taxable income of $200,000. 2017 Tax Rate Schedules Schedule X-Single Schedule Z-Head of household of the amoun! of the If line 5 is: The tax is: If line 5 is: The tax is: But not amount Over- But not Over- Over- over- Over-- over- $13,350 $0 + 10% $0 $0 S9,325 $0 + 10% $0 13,350 50,800 9,325 13,350 50,800 1,335 + 15% 9,325 37,950 932.50 + 15% 6,952.50 +25% 27,052.50 + 23% 49,816.50 + 33% 117,202.60 + 35% 37,950 50,800 131,200 5,226.25 + 25% 16,713.75 + 28% 46,643.75 + 33% 37,950 91,900 131,200 131,200 212,500 191,650 416,70D 91,900 191,650 91,900 212,500 416,700 444,550 212,50D 191,650 416,700 416,700 416,700 418,400 416,700 418,400 120,910.25 +35% 444,550 444,550 and greater 126,950 +39.6% 418,400 and greater 121,505.25 +39.6% Schedule Y-2-Married filing separately of the amount Schedule Y-1-Married filing jointly or Qualifying widow(er)| If line 5 is: The tax is: of the amount over- f line 5 is: The tax is: But no! But nol over- Over- Over- Dver- over- $9,325 $0 + 10% $0 $0 $18,650 $0 + 10% $0 9,325 37,950 932.50 + 15% 9,325 1,865 + 15% 10,452.50 + 25% 29,752.50 + 28% 52,222.50 +33% 112,728 + 35% 18,650 75,900 153,100 75,900 18,650 75,900 153,100 233,350 416,700 416,700 5,226.25+ 25% 14,876.25 + 23% 26,111.25 + 33% 56,364 +35% 37,950. 76,550 37,950 153,100 76,550 116,675 76,550 233,350 116,675 208,350 233,350 116,675 208,350 470,700 416,700 208,350 235,350 470,700 and greater 131,628 + 39.6% 470,700 ER 235,350 and greater 65,814 + 39.6% 235,350
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a taxable
income of $200,000.
2017 Tax Rate Schedules
Schedule X-Single
Schedule Z-Head of household
If line 5 is:
The tax is:
of the
Íí line 5 is:
The tax is:
of the
junowe
Jou In
OVerー
Ovar-
ーノ10
ーBAO
ーan0
$0+ 10%
S9,325
$0+10%
$13,350
9,325
37,950
932.50 + 15%
9,525
13,350
1,335+ 15%
13,350
37,950
5,226.25 + 25%
50,800
131,200
6,952.50+25%
50,800
191,650
16,713.75 + 28%
131,200
212,500
27,052.50 + 28%
131,200
49,816.50 + 33%
117,202.60 + 35%
212,500
416,700
191,650
416,70D
46,643.75 +33%
191,650
212,500.
416,700
416,700
444,550
and greater
416,700
418,400
120,910.25+35%
416,700
418,400
and greater 121,505.25 + 39.6%
418,400
444,550
126,950+39.6%
444,550
Schedule Y-2-Married filing separately
Schedule Y-1-Married filing jointly or Qualifying widow(er)
of the
lf line 5 is:
of the
amount
If line 5 is:
The tax is:
The tax is:
But no!
Over-
ーノPAQ
$9,325
Over-
OVerー
ーJBA0
$18,650
$0 + 10%
$0+10%
0$
18,650
75,900
1,865 + 15%
18,650
9,325
37,950
932.50 + 15%
9,325
5,226.25+ 25%
14,876.25 + 28%
26,111.25 + 33%
56,364 + 35%
153,100
10,452.50 + 25%
37,950.
76,550
37,950
006'S
233,350
76,550
116,675
153,100
29,752.50 + 28%
153,100
76,550
116,675
233,350 416,700
52,222.50+33%
233,350
116,675
208,350
416,700
470,700
112,728 + 35%
416,700
208,350
235,350
208,350
470,700
and greater
131,628 + 39.6%
470,700
235,350 and greater
65,814 +39.6%
235,350
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