Input Data: 1. Record ID 20518.00 2. Tax Year 2024.00 3. State Code 27.00 MT 4. Marital Status 2.00 5. Age of primary taxpayer 56.00 58.00 6. Dependent Exemptions 0.00 8. Number of Dependents 0.00 9. Wage and salary income of primary taxpayer 0.00 538104.25 10. Self-employment income of primary taxpayer -188899.73 11. Dividend Income 0.00 12. Interest Received 23241.32 13. Short Term Gains -1575884.50 14. Long Term Gains 532687.31 15. Other Property 0.00 16. Other Non-Property 0.00 17. Taxable Pensions 21262.69 18. Gross Social Security 0.00 19. Tot/Txpy/Spouse UI 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 and secondary Taxpayer's active QBI 0.00 28. Primary and secondary taxpayer's Specialized Service Trade or Business service 0.00 Basic Output: FICA (OADSI and HI, sum of employee AND employer including Additional Medicare Tax) 0.0 Federal IIT Liability 73616.24 Record ID 20518.0 State (SOI code) 27 MT State IIT Liability 10920.09 Year 2024 Marginal Rates wrt Weighted Average Earnings: Taxpayer liability for FICA 20848.65 Federal Tax Calculation: AMT Liability after credit for regular tax and other allowed credits 0.0 Child Care Credit 0.0 Child Tax Credit 0.0 Earned Income Credit 0.0 FICA 20848.65 Federal AGI 390708.6 Federal Income Tax Before Credits 72847.06 Federal Regular Tax 72847.06 Federal Taxable Income 361508.6 Income for the Alternative Minimum Tax 390708.6 Itemized Deductions in taxable income 0.0 Net Investment Income Tax 769.17 Personal Exemptions 0.0 QBI deduction 0.0 Social Security in AGI 0.0 UI in AGI 0.0 Zero Bracket Amount / Standard Deduction 29200.0 State Tax Calculation: 32. AGI 0.0 34. Standard Deduction 29200.0 35. Itemized Deductions 0.0 36. Taxable Income 361508.56 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 Tax before credits 0.0 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