Exam Ref Page 2016 - ACCT 4353 If taxable income is over $0...

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ACCT 4353 Exam Reference Page Neuman, Spring 2016 2015 Federal Tax Rate Schedule: Single If taxable income is over: But not over: The tax is: $0 $9,225 10% of taxable income $9,225 $37,450 $922.50 plus 15% of the amount over $9,225 $37,450 $90,750 $5,156.25 plus 25% of the amount over $37,450 $90,750 $189,300 $18,481.25 plus 28% of the amount over $90,750 $189,300 $411,500 $46,075.25 plus 33% of the amount over $189,300 $411,500 $413,200 $119,401.25 plus 35% of the amount over $411,500 $413,200 No limit $119,996.25 plus 39.6% of the amount over $413,200 2015 Federal Tax Rate Schedule: Married Filing Jointly or Surviving Spouse If taxable income is over: But not over: The tax is: $0 $18,450 10% of taxable income $18,450 $74,900 $1,845.00 plus 15% of the amount over $18,450 $74,900 $151,200 $10,312.50 plus 25% of the amount over $74,900 $151,200 $230,450 $29,387.50 plus 28% of the amount over $151,200 $230,450 $411,500 $51,577.50 plus 33% of the amount over $230,450 $411,500 $464,850 $111,324.00 plus 35% of the amount over $411,500 $464,850 No limit $129,996.50 plus 39.6% of the amount over $464,850 Filing Status 2015 Standard Deduction Additional Deduction Married Filing Jointly $12,600 $1,250 Qualifying Widow(er) $12,600 $1,250 Married Filing Separately $6,300 $1,250 Head of Household $9,250 $1,550 Single $6,300 $1,550 2015 Federal Tax Rate Schedule: Head of Household If taxable income is over: But not over: The tax is: $0 $13,150
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