2017 Tax Schedule -
Individual Taxpayer
If Taxable Income
is Between:
|
The Tax Due
is:
|
0 -
$9,325
|
10% of taxable
income
|
$9,326 - $37,
950
|
$932.50 + 15% of the
amount over $9,325
|
$37,951 -
$91,900
|
$5,226.25 + 25% of
the amount over $37.950
|
$91,901 -
$191,650
|
$18,713.75 + 28% of
the amount over $91,000
|
$191,651 -
$416,700
|
$46,643.75+ 33% of
the amount over $191,650
|
$416,701 - $418,
400
|
$120,910.25 + 35% of
the amount over $416,700
|
$418,401
+
|
$121,505.25 + 39.6%
of the amount over $418,400
|
Given the Tax Rate Schedule above,
calculate the following:
If taxable income is
$9,325:
|
|
The amount of
tax owed:
|
__________________
|
The marginal
tax rate:
|
__________________
|
The average
tax rate:
|
__________________
|
If taxable income is
$10,325:
|
|
The amount of
tax owed:
|
__________________
|
The marginal
tax rate:
|
__________________
|
The average
tax rate:
|
__________________
|
|
