Chapter .01 .2025 .Release ✅
1) The .following .are .a .series .of .tables .that .may .be .referred .to .in .several .questions An
.throughout.your .test. .Please .refer .to .these .tables .as .needed .or .as .directed. sw
2024 .Tax .Rate .SchedulesIndividualsSchedule .X-Single
ers
If .taxable .income But The .tax .is:
.is.
over: .not.
ove .In
r: clu
$ .0 $ .11,600 10% .of .taxable .income de
$ .11,600 $ .47,150 $1,160 .plus .12% .of .the
d
.excess.
over .$11,600
$ .47,150 $ .100,525 $5,426 .plus .22% .of .the
.excess.
over .$47,150
$ .100,525 $ .191,950 $17,168.50 .plus .24% .of
.the.
excess .over .$100,525
$ .191,950 $ .243,725 $39,110.50 .plus .32% .of
.the.
excess .over .$191,950
$ .243,725 $ .609,350 $55,678.50 .plus .35% .of
.the.
excess .over .$243,725
$ .609,350 — $183,647.25 .plus .37% .of
.the.
excess .over .$609,350
Schedule .Y-1-Married .Filing .Jointly .or .Qualifying .Widow(er)
If .taxable .income But The .tax .is:
.is.
over: .not.
ove
r:
$ .0 $ .23,200 10% .of .taxable .income
$ .23,200 $ .94,300 $2,320 .plus .12% .of .the
.excess.
over .$23,200
$ .94,300 $ .201,050 $10,852 .plus .22% .of .the
.excess.
over .$94,300
$ .201,050 $ .383,900 $34,337 .plus .24% .of .the
.excess.
over .$201,050
$ .383,900 $ .487,450 $78,221 .plus .32% .of .the
.excess.
over .$383,900
1
, $ .487,450 $ .731,200 $111,357 .plus .35% .of .the
.excess.
over .$487,450
$ .731,200 — $196,669.50 .plus .37% .of
.the.
excess .over .$731,200
Schedule .Z-Head .of .Household
If .taxable .income But The .tax .is:
.is.
over: .not.
ove
r:
$ $ .16,550 10% .of .taxable .income
.0
2
, $ .16,550 $ .63,100 $1,655 .plus .12% .of .the
.excess.
over .$16,550
$ .63,100 $ .100,500 $7,241 .plus .22% .of .the
.excess.
over .$63,100
$ .100,500 $ .191,950 $15,469 .plus .24% .of .the
.excess.
over .$100,500
$ .191,950 $ .243,700 $37,417 .plus .32% .of .the
.excess.
over .$191,950
$ .243,700 $ .609,350 $53,977 .plus .35% .of .the
.excess.
over .$243,700
$ .609,350 — $181,954.50 .plus .37% .of
.the.
excess .over .$609,350
Schedule .Y-2-Married .Filing .Separately
If .taxable .income But The .tax .is:
.is.
over: .not.
ove
r:
$ .0 $ .11,600 10% .of .taxable .income
$ .11,600 $ .47,150 $1,160 .plus .12% .of .the
.excess.
over .$11,600
$ .47,150 $ .100,525 $5,426 .plus .22% .of .the
.excess.
over .$47,150
$ .100,525 $ .191,950 $17,168.50 .plus .24% .of
.the.
excess .over .$100,525
$ .191,950 $ .243,725 $39,110.50 .plus .32% .of
.the.
excess .over .$191,950
$ .243,725 $ .365,600 $55,678.50 .plus .35% .of
.the.
excess .over .$243,725
$ .365,600 — $98,334.75 .plus .37% .of
.the.
excess .over .$365,600
2) Taxes .influence .many .types .of .business .decisions .but .generally .do .not .influence
.personal.decisions.
⊚ . true
⊚ . false
3
, 3) Taxes .influence .business .decisions .such .as .where .a .business .should .locate .or .how .a
.business.should .be .structured.
⊚ . true
⊚ . false
4) Tax .policy .rarely .plays .an .important .part .in .presidential .campaigns.
⊚ . true
⊚ . false
5) Margaret .recently .received .a .parking .ticket. .This .is .a .common .example .of .a .local .tax.
⊚ . true
⊚ . false
6) George .recently .paid .$50 .to .renew .his .driver's .license. .The .$50 .payment .is .considered .a .tax.
⊚ . true
⊚ . false
7) A .1 .percent .charge .imposed .by .a .local .government .on .football .tickets .sold .is .not
.considered .a.tax .if .all .proceeds .are .earmarked .to .fund .local .schools.
⊚ . true
⊚ . false
8) One .key .characteristic .of .a .tax .is .that .it .is .a .required .payment .to .a .governmental .agency.
⊚ . true
⊚ . false
9) Common .examples .of .sin .taxes .include .the .taxes .imposed .on .airline .tickets .and .gasoline.
⊚ . true
⊚ . false
4
