PE Input Data: 1. Record ID 0.00 2. Tax Year 2024.00 3. State Code 44.00 TX 4. Marital Status 2.00 5. Age of primary taxpayer 40.00 40.00 6. Dependent Exemptions 0.00 8. Number of Dependents 3.00 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 90000.00 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 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 832.0 Record ID 0.0 State (SOI code) 44 TX State IIT Liability 0.0 Year 2024 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 90000.0 Federal Income Tax Before Credits 6832.0 Federal Regular Tax 6832.0 Federal Taxable Income 60800.0 Income for the Alternative Minimum Tax 90000.0 Itemized Deductions in taxable income 2330.43 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 29200.0 State Tax Calculation: 32. AGI 0.0 34. Standard Deduction 0.0 35. Itemized Deductions 0.0 36. Taxable Income 0.0 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 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