ch row shows the tax rate on a specific portion of the taxpayer's taxable income given their filing status. For example, suppose a taxpayer has a filing status of Single and a taxable income of

$$40,000$

$.$ This means that the taxpayer owes

$10\%$

tax on the first

$$9,275$

$,$

$15\%$

tax on the amount over

$$9,275$

up to

$$37,650$

$,$ and

$25\%$

on the amount over

$$37,650$

up to

$$40,000$

$.$