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2017 Income Tax Rates 2017 STANDARD DEDUCTION Single $ 6,350 MFJ $12,700 Rate Si

ID: 2523032 • Letter: 2

Question

2017 Income Tax Rates 2017 STANDARD DEDUCTION Single $ 6,350 MFJ $12,700 Rate Single Filers 10% |$0 to $9,325 15% | $9,32 25% | $37,951 to $91,900 | $75,901 to $153,100 2896 | $91,901 to $191,650 | $153,101 to $233,350 33% | $191,651 to $416,700 | $233,351 to $416,700 35% | $413,701 to $418,400 | $416,701 to $470,700 39.6% | $418,401+ Married Joint Filers $0 to $18,650 6 to $37,950 $18,651 to $75,900 2017 PERSONAL EXEMPTION 4,050 $470,701+ Complete each empty cell below Single MFJ MFJ with 2 Dependents Dollars Dollars Dollars Taxable Marginal taxed at Taxable Marginal taxed at Taxable Marginal taxed at Income Tax Rate Marginal Income Tax Rate Marginal Income Tax Rate Marginal AGI $30,000 | $19,600 | 15% $40,000 $50,000 $60,000 $70,000 $80,000 90,000 $100,000 $110,000 $120,000 Rate Rate | $10,275 | $9,200 | 10% | $9,200 | $1,100 | 10% | $1,100

Explanation / Answer

AGI ($)

Single

MFJ

MFJ with 2 Dependents

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

30000

19600

15%

10275

9200

10%

9200

1100

10%

1100

40000

29600

15%

20275

19200

15%

550

11100

10%

11100

50000

39600

25%

1650

29200

15%

10550

21100

15%

2450

60000

49600

25%

11650

39200

15%

20550

31100

15%

12450

70000

59600

25%

21650

49200

15%

30550

41100

15%

22450

80000

69600

25%

31650

59200

15%

40550

51100

15%

32450

90000

79600

25%

41650

69200

15%

50550

61100

15%

42450

100000

89600

25%

51650

79200

25%

3300

71100

15%

52450

110000

99600

28%

7700

89200

25%

13300

81100

25%

5200

120000

109600

28%

17700

99200

25%

23300

91100

25%

15200

AGI ($)

Single

MFJ

MFJ with 2 Dependents

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

Taxable Income ($)

Marginal Tax Rate

Dollars taxed at Marginal Rate ($)

30000

19600

15%

10275

9200

10%

9200

1100

10%

1100

40000

29600

15%

20275

19200

15%

550

11100

10%

11100

50000

39600

25%

1650

29200

15%

10550

21100

15%

2450

60000

49600

25%

11650

39200

15%

20550

31100

15%

12450

70000

59600

25%

21650

49200

15%

30550

41100

15%

22450

80000

69600

25%

31650

59200

15%

40550

51100

15%

32450

90000

79600

25%

41650

69200

15%

50550

61100

15%

42450

100000

89600

25%

51650

79200

25%

3300

71100

15%

52450

110000

99600

28%

7700

89200

25%

13300

81100

25%

5200

120000

109600

28%

17700

99200

25%

23300

91100

25%

15200