Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
1) The following are a series of tables that may be referred to in several questions throughout
your test. Please refer to these tables as needed or as directed.
2023 Tax Rate SchedulesIndividualsSchedule X-Single
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,000 10% of taxable income
$ 11,000 $ 44,725 $1,100 plus 12% of the excess
over $11,000
$ 44,725 $ 95,375 $5,147 plus 22% of the excess
over $44,725
$ 95,375 $ 182,100 $16,290 plus 24% of the excess
over $95,375
$ 182,100 $ 231,250 $37,104 plus 32% of the excess
over $182,100
$ 231,250 $ 578,125 $52,832 plus 35% of the excess
over $231,250
$ 578,125 — $174,238.25 plus 37% of the
excess over $578,125
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is But not The tax is:
over: over:
$ 0 $ 22,000 10% of taxable income
$ 22,000 $ 89,450 $2,200 plus 12% of the excess
over $22,000
$ 89,450 $ 190,750 $10,294 plus 22% of the excess
over $89,450
$ 190,750 $ 364,200 $32,580 plus 24% of the excess
over $190,750
$ 364,200 $ 462,500 $74,208 plus 32% of the excess
over $364,200
$ 462,500 $ 693,750 $105,664 plus 35% of the excess
over $462,500
$ 693,750 — $186,601.50 plus 37% of the
excess over $693,750
Schedule Z-Head of Household
If taxable income is But not The tax is:
over: over:
1
,Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
$ 0 $ 15,700 10% of taxable income
$ 15,700 $ 59,850 $1,570 plus 12% of the excess
over $15,700
$ 59,850 $ 95,350 $6,868 plus 22% of the excess
over $59,850
$ 95,350 $ 182,100 $14,678 plus 24% of the excess
over $95,350
$ 182,100 $ 231,250 $35,498 plus 32% of the excess
over $182,100
$ 231,250 $ 578,100 $51,226 plus 35% of the excess
over $231,250
$ 578,100 — $172,623.50 plus 37% of the
excess over $578,100
Schedule Y-2-Married Filing Separately
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,000 10% of taxable income
$ 11,000 $ 44,725 $1,100 plus 12% of the excess
over $11,000
$ 44,725 $ 95,375 $5,147 plus 22% of the excess
over $44,725
$ 95,375 $ 182,100 $16,290 plus 24% of the excess
over $95,375
$ 182,100 $ 231,250 $37,104 plus 32% of the excess
over $182,100
$ 231,250 $ 346,875 $52,832 plus 35% of the excess
over $231,250
$ 346,875 — $93,300.75 plus 37% of the
excess over $346,875
2
,Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
2) The following are a series of tables that may be referred to in several questions throughout
your test. Please refer to these tables as needed or as directed.
2024 Tax Rate SchedulesIndividualsSchedule X-Single
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess
over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess
over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the
excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the
excess over $191,950
$ 243,725 $ 609,350 $55,678.50 plus 35% of the
excess over $243,725
$ 609,350 — $183,647.25 plus 37% of the
excess over $609,350
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is But not The tax is:
over: over:
$ 0 $ 23,200 10% of taxable income
$ 23,200 $ 94,300 $2,320 plus 12% of the excess
over $23,200
$ 94,300 $ 201,050 $10,852 plus 22% of the excess
over $94,300
$ 201,050 $ 383,900 $34,337 plus 24% of the excess
over $201,050
$ 383,900 $ 487,450 $78,221 plus 32% of the excess
over $383,900
$ 487,450 $ 731,200 $111,357 plus 35% of the excess
over $487,450
$ 731,200 — $196,669.50 plus 37% of the
excess over $731,200
Schedule Z-Head of Household
If taxable income is But not The tax is:
over: over:
3
, Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
$ 0 $ 16,550 10% of taxable income
$ 16,550 $ 63,100 $1,655 plus 12% of the excess
over $16,550
$ 63,100 $ 100,500 $7,241 plus 22% of the excess
over $63,100
$ 100,500 $ 191,950 $15,469 plus 24% of the excess
over $100,500
$ 191,950 $ 243,700 $37,417 plus 32% of the excess
over $191,950
$ 243,700 $ 609,350 $53,977 plus 35% of the excess
over $243,700
$ 609,350 — $181,954.50 plus 37% of the
excess over $609,350
Schedule Y-2-Married Filing Separately
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess
over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess
over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the
excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the
excess over $191,950
$ 243,725 $ 365,600 $55,678.50 plus 35% of the
excess over $243,725
$ 365,600 — $98,334.75 plus 37% of the
excess over $365,600
4
Chapter 01 - Static and Algo
1) The following are a series of tables that may be referred to in several questions throughout
your test. Please refer to these tables as needed or as directed.
2023 Tax Rate SchedulesIndividualsSchedule X-Single
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,000 10% of taxable income
$ 11,000 $ 44,725 $1,100 plus 12% of the excess
over $11,000
$ 44,725 $ 95,375 $5,147 plus 22% of the excess
over $44,725
$ 95,375 $ 182,100 $16,290 plus 24% of the excess
over $95,375
$ 182,100 $ 231,250 $37,104 plus 32% of the excess
over $182,100
$ 231,250 $ 578,125 $52,832 plus 35% of the excess
over $231,250
$ 578,125 — $174,238.25 plus 37% of the
excess over $578,125
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is But not The tax is:
over: over:
$ 0 $ 22,000 10% of taxable income
$ 22,000 $ 89,450 $2,200 plus 12% of the excess
over $22,000
$ 89,450 $ 190,750 $10,294 plus 22% of the excess
over $89,450
$ 190,750 $ 364,200 $32,580 plus 24% of the excess
over $190,750
$ 364,200 $ 462,500 $74,208 plus 32% of the excess
over $364,200
$ 462,500 $ 693,750 $105,664 plus 35% of the excess
over $462,500
$ 693,750 — $186,601.50 plus 37% of the
excess over $693,750
Schedule Z-Head of Household
If taxable income is But not The tax is:
over: over:
1
,Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
$ 0 $ 15,700 10% of taxable income
$ 15,700 $ 59,850 $1,570 plus 12% of the excess
over $15,700
$ 59,850 $ 95,350 $6,868 plus 22% of the excess
over $59,850
$ 95,350 $ 182,100 $14,678 plus 24% of the excess
over $95,350
$ 182,100 $ 231,250 $35,498 plus 32% of the excess
over $182,100
$ 231,250 $ 578,100 $51,226 plus 35% of the excess
over $231,250
$ 578,100 — $172,623.50 plus 37% of the
excess over $578,100
Schedule Y-2-Married Filing Separately
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,000 10% of taxable income
$ 11,000 $ 44,725 $1,100 plus 12% of the excess
over $11,000
$ 44,725 $ 95,375 $5,147 plus 22% of the excess
over $44,725
$ 95,375 $ 182,100 $16,290 plus 24% of the excess
over $95,375
$ 182,100 $ 231,250 $37,104 plus 32% of the excess
over $182,100
$ 231,250 $ 346,875 $52,832 plus 35% of the excess
over $231,250
$ 346,875 — $93,300.75 plus 37% of the
excess over $346,875
2
,Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
2) The following are a series of tables that may be referred to in several questions throughout
your test. Please refer to these tables as needed or as directed.
2024 Tax Rate SchedulesIndividualsSchedule X-Single
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess
over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess
over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the
excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the
excess over $191,950
$ 243,725 $ 609,350 $55,678.50 plus 35% of the
excess over $243,725
$ 609,350 — $183,647.25 plus 37% of the
excess over $609,350
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is But not The tax is:
over: over:
$ 0 $ 23,200 10% of taxable income
$ 23,200 $ 94,300 $2,320 plus 12% of the excess
over $23,200
$ 94,300 $ 201,050 $10,852 plus 22% of the excess
over $94,300
$ 201,050 $ 383,900 $34,337 plus 24% of the excess
over $201,050
$ 383,900 $ 487,450 $78,221 plus 32% of the excess
over $383,900
$ 487,450 $ 731,200 $111,357 plus 35% of the excess
over $487,450
$ 731,200 — $196,669.50 plus 37% of the
excess over $731,200
Schedule Z-Head of Household
If taxable income is But not The tax is:
over: over:
3
, Test Bank for McGraw Hill's Taxation of Individuals
Chapter 01 - Static and Algo
$ 0 $ 16,550 10% of taxable income
$ 16,550 $ 63,100 $1,655 plus 12% of the excess
over $16,550
$ 63,100 $ 100,500 $7,241 plus 22% of the excess
over $63,100
$ 100,500 $ 191,950 $15,469 plus 24% of the excess
over $100,500
$ 191,950 $ 243,700 $37,417 plus 32% of the excess
over $191,950
$ 243,700 $ 609,350 $53,977 plus 35% of the excess
over $243,700
$ 609,350 — $181,954.50 plus 37% of the
excess over $609,350
Schedule Y-2-Married Filing Separately
If taxable income is But not The tax is:
over: over:
$ 0 $ 11,600 10% of taxable income
$ 11,600 $ 47,150 $1,160 plus 12% of the excess
over $11,600
$ 47,150 $ 100,525 $5,426 plus 22% of the excess
over $47,150
$ 100,525 $ 191,950 $17,168.50 plus 24% of the
excess over $100,525
$ 191,950 $ 243,725 $39,110.50 plus 32% of the
excess over $191,950
$ 243,725 $ 365,600 $55,678.50 plus 35% of the
excess over $243,725
$ 365,600 — $98,334.75 plus 37% of the
excess over $365,600
4
