Use this tax table to find how much tax you need to pay on a taxable income of $40,000.
If taxable
But not
The tax is:
income is over--
over-
$0
$7,825
10 percent of the
amount over $0
$7,825
$31,850
$782.50 plus 15 percent
of the amount over
7,825
$31,850
$77,100
$4,386.25 plus 25
percent of the amount
over 31,850
$77,100
$160,850 $15,698.75 plus 28
percent of the amount
over 77,100
$160,850
$349,700 $39,148.75 plus 33
percent of the amount
over 160,850
$349,700
no limit
$101,469.25 plus 35
percent of the amount
over 349,700
OA $6,423.75
OB. $8,150.50
OC. $12,536.25