Mr. Mason’s salary was $397,000, and Mrs. Mason’s salary was $344,000. They had no other income items, no above-the-line or itemized deductions, and no dependents. Assume the taxable year is 2018. Use Individual Tax Rate Schedules and Standard Deduction Table.

     

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Married Filing Jointly and Surviving Spouse The tax is: 10% of taxable income $1,905.00+ 12% of excess over $19.050 $8,907.00 +22% of excess over $77.400 $28,179.00 +24% of excess over $165,000 $64,179.00 + 32% of excess over $315,000 $91,379.00 + 35% of excess over $400,000 $161,379.00+ 37% of excess over $600,000 If taxable income is: Not over $19,050 Over $19,050 but not over $77,400 Over $77,400 but not over $165,000 Over $165,000 but not over $315,000 Over $315,000 but not over $400,000 Over $400,000 but not over $600,000 Over $600,000 Married Filing Jointly and Surviving Spouse The tax is: 10% of taxable income $1,905.00+ 12% of excess over $19.050 $8,907.00 +22% of excess over $77.400 $28,179.00 +24% of excess over $165,000 $64,179.00 + 32% of excess over $315,000 $91,379.00 + 35% of excess over $400,000 $161,379.00+ 37% of excess over $600,000 If taxable income is: Not over $19,050 Over $19,050 but not over $77,400 Over $77,400 but not over $165,000 Over $165,000 but not over $315,000 Over $315,000 but not over $400,000 Over $400,000 but not over $600,000 Over $600,000

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