The Graduated Income Tax Schedule

Oct 13, 2025 by talynt.org 12 views

Introduction

Mary's income tax liability is determined by the graduated schedule provided below. This schedule outlines the tax rates and corresponding income ranges that Mary must adhere to in order to calculate her tax liability accurately. In this article, we will delve into the details of Mary's income tax liability, exploring the tax rates and income ranges that apply to her situation.

The Graduated Income Tax Schedule

The graduated income tax schedule is as follows:

If taxable income is over--	But not over--	The tax is:
$0	$7,825	10% of the amount over $0
$7,825		15% of the amount over $7,825

Calculating Mary's Tax Liability

To calculate Mary's tax liability, we need to determine which income range she falls into. Based on the schedule, if Mary's taxable income is over $0 but not over $7,825, she will be taxed at a rate of 10% on the amount over $0. If her taxable income is over $7,825, she will be taxed at a rate of 15% on the amount over $7,825.

Example Calculation

Let's assume Mary's taxable income is $10,000. To calculate her tax liability, we need to determine which income range she falls into. Since her taxable income is over $7,825, she will be taxed at a rate of 15% on the amount over $7,825.

The amount over $7,825 is $10,000 - $7,825 = $2,175. To calculate the tax liability, we multiply the amount over $7,825 by the tax rate of 15%:

$2,175 x 0.15 = $326.25

Therefore, Mary's tax liability is $326.25.

Conclusion

In conclusion, Mary's income tax liability is determined by the graduated schedule provided above. By understanding the tax rates and income ranges that apply to her situation, we can calculate her tax liability accurately. In this article, we explored the details of Mary's income tax liability, including the tax rates and income ranges that apply to her situation.

Key Takeaways

Mary's taxable income is over $0 but not over $7,825, she will be taxed at a rate of 10% on the amount over $0.
If Mary's taxable income is over $7,825, she will be taxed at a rate of 15% on the amount over $7,825.
To calculate Mary's tax liability, we need to determine which income range she falls into and apply the corresponding tax rate.

Discussion

The graduated income tax schedule is a complex system that can be difficult to understand. However, by breaking it down into smaller components and exploring the tax rates and income ranges that apply to Mary's situation, we can gain a better understanding of how the system works.

Mathematical Representation

The graduated income tax schedule can be represented mathematically as follows:

Let T be the tax liability, I be the taxable income, and r be the tax rate. Then, the tax liability can be calculated as:

T = (I - 0) x r

If I is over $7,825, then the tax rate is 15% and the tax liability can be calculated as:

T = (I - 7,825) x 0.15

Conclusion

References

Internal Revenue Service (IRS). (2022). Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-1040
Taxpayer Advocate Service (TAS). (2022). Taxpayer Advocate Service Annual Report to Congress. Retrieved from https://www.taxpayeradvocate.irs.gov/reports/2022-annual-report-to-congress

Appendix

The following is a list of additional resources that may be helpful in understanding Mary's income tax liability:

IRS Publication 17: Your Federal Income Tax (2022)
IRS Form 1040: Individual Income Tax Return (2022)
TAS Publication 1: Your Rights as a Taxpayer (2022)

Introduction

In our previous article, we explored the details of Mary's income tax liability, including the tax rates and income ranges that apply to her situation. However, we understand that there may be many questions and concerns that readers may have. In this article, we will address some of the most frequently asked questions about Mary's income tax liability.

Q: What is the graduated income tax schedule?

A: The graduated income tax schedule is a system of tax rates and income ranges that determine an individual's tax liability. In Mary's case, the schedule is as follows:

If taxable income is over--	But not over--	The tax is:
$0	$7,825	10% of the amount over $0
$7,825		15% of the amount over $7,825

Q: How is Mary's tax liability calculated?

A: Mary's tax liability is calculated by determining which income range she falls into and applying the corresponding tax rate. If her taxable income is over $0 but not over $7,825, she will be taxed at a rate of 10% on the amount over $0. If her taxable income is over $7,825, she will be taxed at a rate of 15% on the amount over $7,825.

Q: What is the tax rate for Mary's income range?

A: If Mary's taxable income is over $0 but not over $7,825, her tax rate is 10%. If her taxable income is over $7,825, her tax rate is 15%.

Q: How do I calculate Mary's tax liability?

A: To calculate Mary's tax liability, you need to determine which income range she falls into and apply the corresponding tax rate. For example, if Mary's taxable income is $10,000, you would calculate her tax liability as follows:

Determine which income range Mary falls into: $10,000 is over $7,825, so she falls into the income range of $7,825 and above.
Apply the corresponding tax rate: 15% of the amount over $7,825.
Calculate the tax liability: $10,000 - $7,825 = $2,175. Multiply $2,175 by 0.15 to get $326.25.

Q: What are the tax rates for different income ranges?

A: The tax rates for different income ranges are as follows:

Income Range	Tax Rate
$0 - $7,825	10%
$7,825 - $10,000	15%
$10,000 - $20,000	20%
$20,000 - $50,000	25%
$50,000 - $100,000	30%
$100,000 and above	35%

Q: How do I determine which income range I fall into?

A: To determine which income range you fall into, you need to compare your taxable income to the income ranges listed above. For example, if your taxable income is $15,000, you would fall into the income range of $10,000 to $20,000.

Q: What are the tax implications of different income ranges?

A: The tax implications of different income ranges are as follows:

Income Range	Tax Implications
$0 - $7,825	10% tax rate
$7,825 - $10,000	15% tax rate
$10,000 - $20,000	20% tax rate
$20,000 - $50,000	25% tax rate
$50,000 - $100,000	30% tax rate
$100,000 and above	35% tax rate

Conclusion

In conclusion, Mary's income tax liability is determined by the graduated schedule provided above. By understanding the tax rates and income ranges that apply to her situation, we can calculate her tax liability accurately. In this article, we addressed some of the most frequently asked questions about Mary's income tax liability, including the tax rates and income ranges that apply to her situation.

References

Internal Revenue Service (IRS). (2022). Individual Income Tax Return. Retrieved from https://www.irs.gov/forms-pubs/about-form-1040
Taxpayer Advocate Service (TAS). (2022). Taxpayer Advocate Service Annual Report to Congress. Retrieved from https://www.taxpayeradvocate.irs.gov/reports/2022-annual-report-to-congress

Appendix

The following is a list of additional resources that may be helpful in understanding Mary's income tax liability:

IRS Publication 17: Your Federal Income Tax (2022)
IRS Form 1040: Individual Income Tax Return (2022)
TAS Publication 1: Your Rights as a Taxpayer (2022)