Use the 2012 marginal tax rates to compute the tax owed by the following person. Round taxable income to the nearest dollar as needed. A single man with a taxable income of $15,000 and a $3,000 tax credit. Click the icon to view the 2012 marginal tax rates.
The tax owed is dollars.
2012 Marginal Tax Rates
2012 Marginal Tax Rates, Standard Deductions, and Exemptions
Unmarried, divorced
Married and each partner
Married and both
Unmarried and paying or legally separated
files a separate tax return
partners file a single
more than half the cost
tax return of supporting a child or parent
Tax Rate
Single
Married Filing Separately
Married Filing Jointly
Head of Household
10% up to $8,700 up to $8,700 up to $17,400 up to $12,400
15% $8,701 to $35,350 $8,701 to $35,350 $17,401 to $70,700 $12,401 to $47,350
25% $35,351 to $85,650 $35,351 to $71,350 $70,701 to $142,700 $47,351 to $122,300
28% $85,651 to $178,650 $71,351 to $108,725 $142,701 to $217,450
33% $122,301 to $198,050 $178,651 to $388,350 $108,726 to $194,175 $217,451 to $388,350
35% $198,051 to $388,350 more than $388,350 more than $194,175 more than $388,350
Standard Deduction $5,950 more than $388,350 $5,950
Exemptions $11,900 $8,700
(per person) $3,800 $3,800
Enter your answer in the a