Marginal and average tax rates Partner A, a single taxpayer , is one of two partners in a small business . As such , she receives pass – through…
how do I work this problem to get the tax liability for earnings before taxes of $11,600
- Attachment 1
- Attachment 2
15 – Single Taxpayers – 2018Tax calculationnge of taxable incomeBase tax+|Marginal rate* amount over base bracket )50 to$9. 525+( 10%’s*` amount over9. 525 to38. 700953+(12%` amount over9,525)38, 700 to$2.5004. 45.4+` amount over38, 70.0182, 500 to157, 50014. 090+124%6` amount over$2, 50 0′)157,500 to200.00032.090+` amount over157, 5001200,000 to500.00045. 690+135%` amount Over200, 000118: 500.000150.690+137%/}` amount OVER500,0001
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