Single Woman Tax Bracket
• Single • Head of household • filing jointly or Qualifying widow(er) • Married filing separately Karen is single. Business letter samples. Next is the tax bracket. In the 2008 tax year, there are six tax brackets for each filing status. Since Karen is single, she would look at IRS Schedule X, which lists the tax rates for people who file single: Single Karen's taxable income of $70,000 falls into the third tax bracket, so she has a tax rate of 25 percent. Single women in tulsa ok.
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At first glance, Karen thinks that her $70,000 will be taxed at 25 percent. Fortunately for her, that's not how a progressive tax rate works.
Tax Bracket Definition
Karen's income will be taxed as it progresses through the tax brackets. So, her first $8,025 is taxed at a rate of 10 percent. Her income that falls in the second bracket will be taxed at 15 percent. Obama care cost for single.
