Input Data: 1. Record ID 8186.00 2. Tax Year 2024.00 3. State Code 11.00 GA 4. Marital Status 2.00 5. Age of primary taxpayer 69.00 63.00 6. Dependent Exemptions 0.00 8. Number of Dependents 0.00 9. Wage and salary income of primary taxpayer 123105.41 0.00 10. Self-employment income of primary taxpayer 0.00 11. Dividend Income 0.00 12. Interest Received 16311.62 13. Short Term Gains -496220.72 14. Long Term Gains 105817.12 15. Other Property 0.00 16. Other Non-Property 0.00 17. Taxable Pensions 26880.66 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 19266.49 Record ID 8186.0 State (SOI code) 11 GA State IIT Liability 7508.15 Year 2024 Marginal Rates wrt Weighted Average Earnings: Taxpayer liability for FICA 9417.56 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 9417.56 Federal AGI 163297.69 Federal Income Tax Before Credits 19266.49 Federal Regular Tax 19266.49 Federal Taxable Income 132547.69 Income for the Alternative Minimum Tax 163297.69 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 0.0 UI in AGI 0.0 Zero Bracket Amount / Standard Deduction 30750.0 State Tax Calculation: 32. AGI 163297.69 34. Standard Deduction 24000.0 35. Itemized Deductions 0.0 36. Taxable Income 139297.69 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 7508.15 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