A taxpayer with a taxable income greater than $100,000 must use the tax-rate schedules rather than the tax tables to find his or her tax liability.

Question

Quizplus · Accepted Answer

According to the current tax laws, taxpayers with a taxable income greater than $100,000 must use the tax-rate schedules to calculate their tax liability. The tax tables are only used for taxpayers with taxable income less than or equal to $100,000.

A Taxpayer with a Taxable Income Greater Than $100,000 Must