1. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Do Now: Name some taxes people have to pay. Aim: Who pays taxes? Income tax Sales tax Property tax Investment tax

2. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Filing Status Single – unmarried taxpayers Married Filing Jointly or Qualifying Widow(er) – married couple that files one return Married Filing Separately – married couple that file separate returns Head of Household – a special filing for taxpayers who support others

3. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Using Tables Ron is single. He is using an IRS tax form and calculates that his taxable income is $51,482. The instructions tell him to use the tax table to determine his taxes. How much does Ron owe in taxes? let t represent his taxable income 51,000 < t < 5150 How much does Ron owe in taxes?

4. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Calculating the Income Tax Maria and Don are married taxpayers filing a joint return. Their combined taxable income is $$153,900. The IRS offers a tax schedule so that taxpayers can calculate their tax. Use the schedule below for married taxpayers filing jointly to calculate their tax. What taxable income would yield a tax of exactly $8,962.50?

5. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Calculating the Income Tax The IRS includes the tax schedule for information purposes only. For taxable income over $100,000, taxpayers must use the tax worksheet. His a portion of the worksheet for married taxpayers filing jointly. Calculate Maria and Don’s tax using this worksheet. Davida and John have a taxable income of $118,675. What is their calculated tax?

6. Aim: Tax Tables, Worksheets & Schedules Course: Math Literacy Extended Understanding Chase and Martha have a taxable income of x dollars. This amount is over $100,000, be not over $131,450. Express their tax algebraically.