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InputsOutputs
Single Brackets
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Filing StatusSingleGross Income$100,000.00Taxable:$87,600.00
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Itemized Deduction$0.00Taxable Income$87,600.00
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Salary$100,000.00Invested$0.00RateCapAmtTax
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401(k) Contributions$0.00SS & Medicare Paid$7,650.000.00%00
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IRA Contributions$0.00Taxes Owed$15,103.5010.00%98759875987.5
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SE Income$0.0012.00%40125302503630
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Solo 401(k) Contributions
$0.00Total Paid$22,753.5022.00%85525454009988
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Health Insurance Costs
$0.0024.00%1633002075498
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Fixtures32.00%20735000
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Salary
Std Deduction Single
$12,400.0035.00%51840000
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Gross$100,000.00Std Deduction MFJ$24,800.0037.00%9999999900
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After 401(k)$100,000.00IRA Limit Single
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SS & Medicare$7,650.00IRA Limit MFJTotal Tax:$15,103.50
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SS Tax6.20%
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IncomeMed Tax1.45%MFJ Brackets
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1Wages, salaries, tips, etc. Attach Form(s) W-2$100,000.00Taxable:$87,600.00
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2aTax-exempt interest$0.00
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2bTaxable interest$0.00RateCapAmtTax
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3aQualified Dividends$0.000.00%00
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3bOrdinary Dividends$0.0010.00%19750197501975
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4aIRA Distributions$0.0012.00%80250605007260
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4bTaxable Amount (^)$0.0022.00%17105073501617
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5aPensions And Annuities$0.0024.00%32660000
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5bTaxable Amount (^)$0.0032.00%41470000
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6aSocial Security Benefits$0.0035.00%62205000
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6bTaxable Amount (^)$0.0037.00%9999999900
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7Capital gain or (loss). Attach Schedule D if required. $0.00
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8Other income from Schedule 1, line 9$0.00Total Tax:$10,852.00
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9
Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income .
$100,000.00
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10Adjustments To Income
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10aFrom Schedule 1, line 22$0.00
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10b
Charitable contributions if you take the standard deduction. See instructions
$0.00
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10c
Add lines 10a and 10b. These are your total adjustments to income
$0.00
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11
Subtract line 10c from line 9. This is your adjusted gross income
$100,000.00
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Standard deduction or itemized deductions (from Schedule A)
$12,400.00
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13
Qualified business income deduction. Attach Form 8995 or Form 8995-A .
$0.00
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14Add lines 12 and 13 . .$12,400.00
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15
Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- .
$87,600.00
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Tax
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16Tax (see instructions).$15,103.50
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17Amount from Schedule 2, line 3$0.00
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18Add lines 16 and 17$15,103.50
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19Child tax credit or credit for other dependents$0.00
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20Amount from Schedule 3, line 7 . $0.00
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21Add lines 19 and 20$0.00
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22Subtract line 21 from line 18. If zero or less, enter -0-$15,103.50
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Other taxes, including self-employment tax, from Schedule 2, line 10
$0.00
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24Add lines 22 and 23. This is your total tax$15,103.50
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Withheld
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25aFederal income tax withheld from: Form(s) W-2$0.00
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25bForm(s) 1099$0.00
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25cOther forms (see instructions) . . .$0.00
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25dAdd lines 25a through 25c$0.00
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26
2020 estimated tax payments and amount applied from 2019 return
$0.00
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27Earned income credit (EIC) .$0.00
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28Additional child tax credit. Attach Schedule 8812$0.00
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29American opportunity credit from Form 8863, line 8$0.00
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30Recovery rebate credit. See instructions$0.00
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31Amount from Schedule 3, line 13$0.00
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Add lines 27 through 31. These are your total other payments and refundable credits
$0.00
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33Add lines 25d, 26, and 32. These are your total payments$0.00
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