question archive 1Marginal tax brackets The amount of federal income taxes that you are required to pay is based on your filing status, your taxable income, and the IRS tax rate tables
1Marginal tax brackets The amount of federal income taxes that you are required to pay is based on your filing status, your taxable income, and the IRS tax rate tables
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1Marginal tax brackets The amount of federal income taxes that you are required to pay is based on your filing status, your taxable income, and the IRS tax rate tables. The income tax tables are income increases. Each filing status has seven income ranges, or brackets, and the rates are 10%, 15%, 25%, 28% 33%, 35%, and 39.6%. As your taxable income increases, you pay at a higher rate, but only on the income that fails within a range. The 2016 tax brackets show how the tax in the IRS tax tables is calculated , meaning the tax rates increase as taxable 2016 Tax Brackets Tax Bracket Single Married Filing Jointh $0-$18,550 $18,551-$75,300 $75,301$151,900 10% 15% 25% 28% 33% 35% 39.6% s0-$9,275 9,276-$37,650 37,651-$91,150 91,151-$190,150 $151,901-$231,450 190,151 $413,350 $231,451-$413,350 413,351-$415,050$413,351-$466,95o $415,050+ $466,950+ :05 PM 8282018 Usc the tax bracket information to fill in the missing amounts in the tol lowing tox to ble.
