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If taxable income is over-- But not over-- The tax is: $0 $7,825 10 percent of the amount over $0 $7,825 $31,850 $782.50 plus 15 percent of the amount over 7,825 $31,850 $77,100 $4,386.25 plus 25 percent of the amount over 31,850 $77,100 $160,850 $15,698.75 plus 28 percent of the amount over 77,100 $160,850 $349,700 $39,148.75 plus 33 percent of the amount over 160,850 $349,700 no limit $101,469.25 plus 35 percent of the amount over 349,700 Joe's taxable income is $67,825. Use this tax schedule to calculate the total amount he owes in taxes.

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