Input Data: 1. Record ID 2411323.00 2. Tax Year 2025.00 3. State Code 23.00 MI 4. Marital Status 2.00 5. Age of primary taxpayer 67.00 67.00 6. Dependent Exemptions 0.00 8. Number of Dependents 0.00 9. Wage and salary income of primary taxpayer 225238.09 0.00 10. Self-employment income of primary taxpayer 0.00 0.00 11. Dividend Income 0.00 12. Interest Received 158833.95 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 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 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 74638.02 Record ID 2411323.0 State (SOI code) 23 MI State IIT Liability 15830.06 Year 2025 Marginal Rates wrt Weighted Average Earnings: Federal Marginal Rate 27.8 State Marginal Rate 4.2 Taxpayer liability for FICA 14184.15 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 14184.15 Federal AGI 384072.03 Federal Income Tax Before Credits 69543.29 Federal Regular Tax 69543.29 Federal Taxable Income 349372.03 Income for the Alternative Minimum Tax 384072.03 Itemized Deductions in taxable income 0.0 Net Investment Income Tax 5094.74 Personal Exemptions 0.0 QBI deduction 0.0 Social Security in AGI 0.0 UI in AGI 0.0 Zero Bracket Amount / Standard Deduction 34700.0 State Tax Calculation: 32. AGI 384072.0 34. Standard Deduction 0.0 35. Itemized Deductions 0.0 36. Taxable Income 372472.0 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 15830.1 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