Answers.com > Wiki Answers > Categories > Jobs & Education > Jobs > Salary and Pay Rates > How do you figure out what federal tax bracket you are in?

How do you figure out what federal tax bracket you are in?

In: Salary and Pay Rates [Edit categories]

Answer:

Taxable Income

10% Not over 8,025

15% 8,025-32,550

25% 32,550-78,850

28% 78,850-164,550

33% 164,550-357,700

35% Over 357,700

http://allfinancialmatters.com/2007/09/26/a-preview-of-the-2008-federal-income-tax-brackets/

**Remember that taxable income is gross income minus deductions allowed for the year.

First answer by ID0211684355. Last edit by Gcox. Contributor trust: 7 [recommend contributor ]. Question popularity: 9 [recommend question].

[report abuse]

Can you answer these Salary and Pay Rates questions?

	How much does Donovan Patton earn per episode?	Answer it!
	How much does an Essbase consultant earn?	Answer it!
	What qualifications are needed to be a mortuary makeup artist in Florida?	Answer it!
	How much do professional soccer players win?	Answer it!
	How much money does blood on the dance floor make?	Answer it!

How do you figure federal income tax?
By using the search box at the IRS gov website and choosing the 1040 federal income tax return instruction that you will need to use and start reading. You can use the search box for each form and...
Is your federal tax bracket your average tax rate?
No the federal tax brackets would NOT be your average income tax rate on your income.Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is...
What is state tax and a federal tax?
The United States has several levels of government. The main national government that has jurisdiction over the entire country is known as the federal government. Most of the United States is divided...
Is the 940 tax a federal tax?
It is a federal payroll tax. See the attached link for more info.
Is there taxes on federal tax returns?
Yes