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Mission

Statement :

J & J CPAs Provides the highest quality service while maintaining close and strictly confidential relationships with its clients.

 

 

2006 TAX RATES

Note: These tax rate schedules are provided so that you can compute your federal estimated income tax for 2006. To compute your actual income tax, please see the instructions for 2006 Form 1040, 1040A, or 1040EZ as appropriate when they are available.

 

Schedule X — Single

If taxable income is  over--

But not over--

The tax is:

$0

$7,550

10% of the amount over $0

$7,550

$30,650

$755 plus 15% of the amount over 7,550

$30,650

$74,200

$4,220.00 plus 25% of the amount over 30,650

$74,200

$154,800

$15,107.50 plus 28% of the amount over 74,200

$154,800

$336,550

$37,675.50 plus 33% of the amount over 154,800

$336,550

no limit

$97,653.00 plus 35% of the amount over 336,550

 

Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er)

If taxable income is over--

But not over--

The tax is:

$0

$15,100

10% of the amount over $0

$15,100

$61,300

$1,510.00 plus 15% of the amount over 15,100

$61,300

$123,700

$8,440.00 plus 25% of the amount over 61,300

$123,700

$188,450

$24,040.00 plus 28% of the amount over 123,700

$188,450

$336,550

$42,170.00 plus 33% of the amount over 188,450

$336,550

no limit

$91,043.00 plus 35% of the amount over 336,550

 

Schedule Y-2 — Married Filing Separately

If taxable income is over--

But not over--

The tax is:

$0

$7,550

10% of the amount over $0

$7,550

$30,650

$755.00 plus 15% of the amount over 7,550

$30,650

$61,850

$4,220.00 plus 25% of the amount over 30,650

$61,850

$94,225

$12,020.00 plus 28% of the amount over 61,850

$94,225

$168,275

$21,085.00 plus 33% of the amount over 94,225

$168,275

no limit

$45,521.50 plus 35% of the amount over 168,275

 

Schedule Z — Head of Household

If taxable income is over--

But not over--

The tax is:

$0

$10,750

10% of the amount over $0

$10,750

$41,050

$1,075.00 plus 15% of the amount over 10,750

$41,050

$106,000

$5,620.00 plus 25% of the amount over 41,050

$106,000

$171,650

$21,857.50 plus 28% of the amount over 106,000

$171,650

$336,550

$40,239.50 plus 33% of the amount over 171,650

$336,550

no limit

$94,656.50 plus 35% of the amount over 336,550

 



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