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What is tax bracket?

A tax bracket has to do with the amount of money you make over the specified limit. If you are a company you will probably have a payroll tax bracket as well. Depending on how much you pay out in payroll will depend on what that tax bracket will be.


What is base tax amount for high tax bracket?

what is base tax amount for high tax bracket for 2008?


What is your current tax bracket for 30000?

33%...?


How To Determine What Tax Bracket You're In?

The phrase “tax bracket” becomes a buzz word around April of every year but with the presidential elections just around the corner the topic of taxes and tax brackets are two things you’re almost unable to avoid. A lot of attention gets put on what tax bracket people are in and how much they’re being taxed on certain types of income. While the subject of taxes can quickly become quite taxing on your brain figuring out the simple fact of what tax bracket you’re in isn’t.The federal tax brackets and what income level qualifies you for a specific bracket can change every year. The primary reason would be to adjust for inflation but changes in the tax code can also affect tax rates. Your personal tax bracket will vary according to your filing status as well.The best place to find your personal tax bracket is on the IRS website (www.irs.gov). They have loads of information that help you figure out not only your tax bracket but also things like what your expected tax bill would be depending on your taxable income. The IRS hasn’t yet released the tax tables for 2012 but they can be expected to be quite similar to what we saw in 2011.For those looking for a quick answer, here’s what the federal tax brackets looked like in 2011.For single filers, the 10% bracket included income up to $8,500. Income up to $34,500 lands you in the 15% bracket. The 25% bracket includes income up to $83,600. The 28% tax bracket applies to income up to $174,400. Income up to $379,150 gets taxed at the 33% rate and anything above that gets taxed at 35%.For joint filers, the 10% bracket is for income up to $17,000. Income up to $69,000 gets taxed at the 15% rate. The 25% bracket includes income up to $139,350. The 28% tax bracket applies to income up to $212,300. The 33% tax bracket applies to income up to $379,150 and anything above that gets taxed at 35%.


What is the tax bracket for 125k married filed jointly?

The tax bracket for a couple filing taxes as married filing joint and making $125,000 is 25 percent. This is based on tax year 2014 information.

Related Questions

What is tax bracket?

A tax bracket has to do with the amount of money you make over the specified limit. If you are a company you will probably have a payroll tax bracket as well. Depending on how much you pay out in payroll will depend on what that tax bracket will be.


What is base tax amount for high tax bracket?

what is base tax amount for high tax bracket for 2008?


What is 17 percent of 86000?

17% of 86,000= 17% * 86000= 0.17 * 86000= 14,620


Is your federal tax bracket your average tax rate?

No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.


What percentage is 18000 out of 86000?

18000 out of 86000 is about 20.93%.


What is 85726 rounded to the nearest thousand?

86000


Can you explain what your tax bracket means?

Your tax bracket is the percentage of your income that you pay in taxes to the government. It is determined by how much money you earn each year. The higher your income, the higher your tax bracket, and the more taxes you will owe.


Numbers that would round to 86000 if rounded to the nearest thousand?

86000


How many kilometers in 86000 miles?

There are 1.609344 kilometres in one mile. Therefore, 86000 miles is equal to 86000 x 1.609344 = 138403.584 kilometres.


What is 86000 in scientific notation?

86000 in scientific notation is 8.6 x 10^4


What is your current tax bracket for 30000?

33%...?


What is the highest tax bracket in the US is .?

35%

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