2007 Federal Income Tax Table Single:
Over But not over
The tax is
$0 $7,825 10% of the amount over $0
$7,825 $31,850 $788 + 15% of the amount over $7,825
$31,850 $77,100 $4,386 + 25% of the amount over $31,850
$77,100 $160,850 $15,699 + 28% of the amount over $77,100
$160,850 $349.700 $39,149 + 33% of the amount over $160,850
$349,700 And Over $101.469 + 35% of the amount over $349,700
Maria Contrerras earned $53,000 in taxable income. She figured her tax from the single taxpayer table above.
1. Find her earned income level.
2. Enter the base amount = $4,386
3. Find the amount over $
=$
4. Multiply line 3 by 25% = $
5. Add Lines 2 and 4 = $