What TAX % or TAX Bracket if your salary is 85K annually?

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What TAX % or TAX Bracket if your salary is 85K annually?

MO State and Single....if this helps. Any online-tools anyone can recommend.

2007-04-04 05:44:03 · 2 answers · asked by cool_guy 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

This depends greatly on much more than just your filing status. After completing your tax forms (1040 & schedules & other forms) you will be able to determine your TAXABLE income. Only THEN can you determine your effective tax rate. Use the tax table below to figure your tax. Remember, you can minimize this by contributing to an IRA, HSA, SEP, as appropriate.

2007-04-04 05:52:59 · answer #1 · answered by Tom's Mom 4 · 0⤊ 0⤋

Federal: 28% (Assumes standard deduction, under age 65.)

MO: 6%

2007-04-04 05:54:07 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋