2007 Federal Income Tax Table Single:
But not over
The taxis
$7,825 10% of the amount over $0
Over
$0
$7,825
$31,850
$788 + 15% of the amount over $7,825
$31,850 $77,100
$77,100
$160,850
$4,386 +25% of the amount over $31,850
$15,699 +28% of the amount over $77,100
$39,149 + 33% of the amount over $160,850
$101,469 + 35% of the amount over $349,700
$160,850 $349,700
$349,700 And Over
Tim Tradesman had a taxable income of $82,500. He figured his tax from the table above.
1. Find his earned income level.
2. Enter the base amount. = $
<
3. Find the amount over $
11
$
4. Multiply line 3 by
% = $
5. Add Lines 2 and 4 = $