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2007 Federal Income Tax Rate Calculator
Schedule X - File Single


Schedule X - Single

Income Range Tax Rate Bracket
$0 $7825 10%
$7825 $31850 15%
$31850 $77100 25%
$77100 $160850 28%
$160850 $349700 33%
$349700 no limit 35%

Note: This gives an estimate of income tax. It does not take into account deductions, returns, credits or other variables.

Inputs:
taxable income ($) 


|

Solution:

Summary
Taxable Income $----
Federal Income Tax $----
Actual Tax Rate ----%
Tax Bracket ----%

Tax Rate
Bracket
Amount To Be Taxed
In Bracket
Tax Income Left
To Be Taxed
Start ---- ---- $----
10 $---- $---- $----
15 $---- $---- $----
25 $---- $---- $----
28 $---- $---- $----
33 $---- $---- $----
35 $---- $---- ----



References - Books:
1) Internal Revenue Service Treasury Department. 2005. 2005 Tax Rate Schedules. http://www.irs.gov.
2) Internal Revenue Service Treasury Department. 2006. 2006 Tax Rate Schedules. http://www.irs.gov.



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