Tax Machine 2020

	A	B	C	E	F	H	I	J	K
1	Inputs			Outputs		Single Brackets
2	Filing Status		Single	Gross Income	$100,000.00	Taxable:	$87,600.00
3	Itemized Deduction		$0.00	Taxable Income	$87,600.00
4	Salary		$100,000.00	Invested	$0.00	Rate	Cap	Amt	Tax
5	401(k) Contributions		$0.00	SS & Medicare Paid	$7,650.00	0.00%	0	0
6	IRA Contributions		$0.00	Taxes Owed	$15,103.50	10.00%	9875	9875	987.5
7	SE Income		$0.00			12.00%	40125	30250	3630
8	Solo 401(k) Contributions		$0.00	Total Paid	$22,753.50	22.00%	85525	45400	9988
9	Health Insurance Costs		$0.00			24.00%	163300	2075	498
10				Fixtures		32.00%	207350	0	0
11	Salary			Std Deduction Single	$12,400.00	35.00%	518400	0	0
12	Gross		$100,000.00	Std Deduction MFJ	$24,800.00	37.00%	99999999	0	0
13	After 401(k)		$100,000.00	IRA Limit Single
14	SS & Medicare		$7,650.00	IRA Limit MFJ		Total Tax:	$15,103.50
15				SS Tax	6.20%
16	Income			Med Tax	1.45%	MFJ Brackets
17	1	Wages, salaries, tips, etc. Attach Form(s) W-2	$100,000.00			Taxable:	$87,600.00
18	2a	Tax-exempt interest	$0.00
19	2b	Taxable interest	$0.00			Rate	Cap	Amt	Tax
20	3a	Qualified Dividends	$0.00			0.00%	0	0
21	3b	Ordinary Dividends	$0.00			10.00%	19750	19750	1975
22	4a	IRA Distributions	$0.00			12.00%	80250	60500	7260
23	4b	Taxable Amount (^)	$0.00			22.00%	171050	7350	1617
24	5a	Pensions And Annuities	$0.00			24.00%	326600	0	0
25	5b	Taxable Amount (^)	$0.00			32.00%	414700	0	0
26	6a	Social Security Benefits	$0.00			35.00%	622050	0	0
27	6b	Taxable Amount (^)	$0.00			37.00%	99999999	0	0
28	7	Capital gain or (loss). Attach Schedule D if required.	$0.00
29	8	Other income from Schedule 1, line 9	$0.00			Total Tax:	$10,852.00
30	9	Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income .	$100,000.00
31	10	Adjustments To Income
32	10a	From Schedule 1, line 22	$0.00
33	10b	Charitable contributions if you take the standard deduction. See instructions	$0.00
34	10c	Add lines 10a and 10b. These are your total adjustments to income	$0.00
35	11	Subtract line 10c from line 9. This is your adjusted gross income	$100,000.00
36	12	Standard deduction or itemized deductions (from Schedule A)	$12,400.00
37	13	Qualified business income deduction. Attach Form 8995 or Form 8995-A .	$0.00
38	14	Add lines 12 and 13 . .	$12,400.00
39	15	Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- .	$87,600.00
40
41	Tax
42	16	Tax (see instructions).	$15,103.50
43	17	Amount from Schedule 2, line 3	$0.00
44	18	Add lines 16 and 17	$15,103.50
45	19	Child tax credit or credit for other dependents	$0.00
46	20	Amount from Schedule 3, line 7 .	$0.00
47	21	Add lines 19 and 20	$0.00
48	22	Subtract line 21 from line 18. If zero or less, enter -0-	$15,103.50
49	23	Other taxes, including self-employment tax, from Schedule 2, line 10	$0.00
50	24	Add lines 22 and 23. This is your total tax	$15,103.50
51
52	Withheld
53	25a	Federal income tax withheld from: Form(s) W-2	$0.00
54	25b	Form(s) 1099	$0.00
55	25c	Other forms (see instructions) . . .	$0.00
56	25d	Add lines 25a through 25c	$0.00
57	26	2020 estimated tax payments and amount applied from 2019 return	$0.00
58	27	Earned income credit (EIC) .	$0.00
59	28	Additional child tax credit. Attach Schedule 8812	$0.00
60	29	American opportunity credit from Form 8863, line 8	$0.00
61	30	Recovery rebate credit. See instructions	$0.00
62	31	Amount from Schedule 3, line 13	$0.00
63	32	Add lines 27 through 31. These are your total other payments and refundable credits	$0.00
64	33	Add lines 25d, 26, and 32. These are your total payments	$0.00
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100