Input Data: 1. Record ID 28271.00 2. Tax Year 2025.00 3. State Code 31.00 NJ 4. Marital Status 1.00 5. Age of primary taxpayer 71.00 40.00 6. Dependent Exemptions 0.00 8. Number of Dependents 0.00 9. Wage and salary income of primary taxpayer 0.00 0.00 10. Self-employment income of primary taxpayer 0.00 11. Dividend Income 0.00 12. Interest Received 104761.91 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 0.00 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 8445.06 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 13129.48 Record ID 28271.0 State (SOI code) 31 NJ State IIT Liability 1848.81 Year 2025 Marginal Rates wrt Weighted Average Earnings: 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 0.0 Earned Income Credit 0.0 FICA 0.0 Federal AGI 104761.91 Federal Income Tax Before Credits 13129.48 Federal Regular Tax 13129.48 Federal Taxable Income 82797.62 Income for the Alternative Minimum Tax 100547.62 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 17750.0 State Tax Calculation: 32. AGI 62476.19 34. Standard Deduction 0.0 35. Itemized Deductions 0.0 36. Taxable Income 60476.19 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