2007 Federal Income Tax Table Single:
Over
But not over
The tax is
$0
$7,825
10% of the amount over $0
$7,825
$31,850
$788 + 15% of the amount over $7,825
$31,850
$77,100
$4,386 + 25% of the amount over $31,850
$77,100
$160,850
$15,699 + 28% of the amount over $77,100
$160,850 $349,700
$39,149 + 33% of the amount over $160,850
$349,700 And Over
$101,469 + 35% of the amount over $349.700
Mr. Profit had a taxable income of $35,000. He figured his tax from the table above.