Normal text Arial 11 + BIUA DO. = E SEE ME . E- EE Taxable Income Tax Rate $0 to $49,020 15% $49,020.01 to $98,040 20.5% $98,040.01 to $151,978 26% $151,978.01 to $216,511 29% Over $216,511 33% Questions Answers Pretend you make $60,000 as your gross income Calculate the dollar difference between each First Bracket $ tax bracket, up to your gross income. This is the money that will be taxed at each rate Second Bracket: $ Calculate the amount of tax you would pay for | First Bracket: $ each bracket of income. Add together to find total Federal income tax owed Second Bracket: $ Total Federal income tax owing? S hp