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2007 Federal Income Tax TableSingle: OverBut not overThe tax is$0$7,82510% of the amount over $0$7,825$31,850$788 + 15% of the amount over $7,825$31,850$77,100$4,386 + 25% of the amount over $31,850$7
2007 Federal Income Tax TableSingle:
OverBut not overThe tax is
$0$7,82510% of the amount over $0
$7,825$31,850$788 + 15% of the amount over $7,825
$31,850$77,100$4,386 + 25% of the amount over $31,850
$77,100$160,850$15,699 + 28% of the amount over $77,100
$160,850$349,700$39,149 + 33% of the amount over $160,850
$349,700And Over$101,469 + 35% of the amount over $349,700
Maria Contrerras earned $53,000 in taxable income. She figured her tax from the single taxpayer table above.
1. Find her earned income level.
2. Enter the base amount. = $4,3865,287.5021,1509,673.5031,850
3. Find the amount over $4,38621,15031,8505,287.509,673.50 = $4,3869,673.5031,8505,287.5021,150
4. Multiply line 3 by 25% = $4,38631,85021,1505,287.509,673.50
5. Add Lines 2 and 4 = $4,38631,8509,673.505,287.5021,150