My interest wrote:

- quote -

see http://www.fairmark.com/refrence/index.htm

STD deduction = $10,900
Exemptions = $3500*3 = $10,500

Taxable $78,600
Tax = $12,337 Fed.

Marginal Rate = 25%
Effective rate on gross income 12.3%

Joe
www.blog.joetaxpayer.com

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I am doing some ballpark tax estimation for various scenarios, but
somewhat fell the result is not correct. Can anybody help to verify
it?

To make it simple, assume wage income $100K, No other income, 401K
deduction etc. Standard deduction 15K, allowance 3K (married with 1
child). This results in 11.5K Fed Tax, 3K Medi tax, 6K SSN tax, plus
whatever state + local tax, if any. That's about 25% all-inclusive
cut.

Is it correct? I don't need to be absolutely accurate to penny, just
some rough estimate is good enough.

Thanks.

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >