Input Data: 1. Record ID 1982923.00 2. Tax Year 2023.00 3. State Code 23.00 MI 4. Marital Status 2.00 5. Age of primary taxpayer 68.00 67.00 6. Dependent Exemptions 0.00 8. Number of Dependents 1.00 9. Wage and salary income of primary taxpayer 0.00 0.00 10. Self-employment income of primary taxpayer 0.00 0.00 11. Dividend Income 0.00 12. Interest Received 17.49 13. Short Term Gains 0.00 14. Long Term Gains 0.00 15. Other Property 0.00 16. Other Non-Property 0.00 17. Taxable Pensions 84450.63 18. Gross Social Security 48322.72 19. Tot/Txpy/Spouse UI 0.00 0.00 20. Non-taxable Transfers 0.00 21. Rent Paid 0.00 22. Property Taxes Paid 0.00 23. Other Itemized Deds 0.00 24. Child Care Expenses 0.00 25. Mortgage Interest 0.00 26. S-Corp profits 0.00 27. Primary taxpayer's active QBI 0.00 0.00 27b. Spouse's active QBI 0.00 28. Primary taxpayer's SSTB self-employment income 0.00 0.00 28b. Spouse's SSTB self-employment income 0.00 Basic Output: FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax) 0.0 Federal IIT Liability 9480.34 Record ID 1982923.0 State (SOI code) 23 MI State IIT Liability 1519.12 Year 2023 Marginal Rates wrt Weighted Average Earnings: Federal Marginal Rate 22.0 State Marginal Rate 4.0 Taxpayer liability for FICA 0.0 Federal Tax Calculation: AMT Liability after credit for regular tax and other allowed credits 0.0 Child Care Credit 0.0 Child Tax Credit 2000.0 Earned Income Credit 0.0 FICA 0.0 Federal AGI 125542.44 Federal Income Tax Before Credits 11480.34 Federal Regular Tax 11480.34 Federal Taxable Income 94842.44 Income for the Alternative Minimum Tax 125542.44 Itemized Deductions in taxable income 0.0 Net Investment Income Tax 0.0 Personal Exemptions 0.0 QBI deduction 0.0 Social Security in AGI 41074.31 UI in AGI 0.0 Zero Bracket Amount / Standard Deduction 30700.0 State Tax Calculation: 32. AGI 125542.4 34. Standard Deduction 30759.0 35. Itemized Deductions 0.0 36. Taxable Income 37509.1 37. Property Tax Credit 0.0 38. Child Care Credit 0.0 39. EIC 0.0 40. Total Credits 0.0 Child Tax Credit 0.0 State One-Time Rebate 0.0 Tax before credits 1519.1 TCJA 2018+: 42. Earned Self-Employment Income for FICA 0.0 Additional Medicare Taxes 2013+: Medicare Tax on Unearned Income 0.0 Decomposition of Federal Marginal Rate (taxpayer earned income) Regular Income Tax: Cares Recovery Rebates 0.0 Refundable Part of CTC 0.0