Spreadsheet: 857193d1706223075-overtime-if-not-at-40-pay
Sheet: FEDERAL TAXES

 | FEDERAL TAX BRACKETS |  | 2023 TAXES (FILED IN APRIL 2024)
 | SINGLE FILER - A |  |  |  |  |  |  |  |  |  |  | INITIAL TAX | PLUS EXTRA TAX |  |  | EXAMPLE CALCULATOR
 | BRACKET | TAX RATE | TAXABLE INCOME BRACKET |  | WHAT YOU OWE | INITIAL TAXES OWED | PLUS A PERCENTAGE OF THE AMOUNT OWED |  |  |  | TAKEN FROM PAYCHECK
 |  |  | MINIMUM | MOST |  |  |  |  |  |  |  |  |  |  |  | PAY RATE | REG HOURS | OT HOURS | TOTAL HOURS |  | [NAME]
 | 1 |  | 0 | 11000 |  | 10% of Income |  |  |  |  |  |  |  |  |  |  | REG PAY | OT PAY | TOTAL PAY |  | BRACKET
 | 2 |  | 11001 | 44725 |  | 1100 | Plus | 0.12 | over | 11000 |  |  |  |  |  | 28 | 40 | 5
 | 3 |  | 44726 | 95375 |  | 5147 | Plus | 0.22 | over | 44725
 | 4 |  | 95376 | 182100 |  | 16290 | Plus | 0.24 | over | 95375
 | 5 |  | 182101 | 231250 |  | 37104 | Plus | 0.32 | over | 182100
 | 6 |  | 231251 | 578125 |  | 52832 | Plus | 0.35 | over | 231250
 | 7 |  | 578126 | INFINITY |  | 174238.25 | Plus | 0.37 | over | 578125
 | MARRIED, FILING JOINTLY - B |  |  |  |  |  |  |  |  |  |  | WHAT I'D OWE | ME |  |  | WHERE I FALL
 | BRACKET | TAX RATE | TAXABLE INCOME BRACKET |  | WHAT YOU OWE | INITIAL TAXES OWED | PLUS A PERCENTAGE OF THE AMOUNT OWED
 |  |  | MINIMUM | MOST |  |  |  |  |  |  |  |  |  |  |  | (ALL GROSS) | [NAME] PAY | 8 REG HOURS | PER WEEK | GROSS 2 WEEKS | PER YEAR
 | 1 |  | 0 | 22000 |  | 10% of Income |  |  |  |  |  |  |  |  |  | All Regular Pay | 28
 | 2 |  | 22001 | 89450 |  | 2200 | Plus | 0.12 | over | 22000
 | 3 |  | 89451 | 190750 |  | 10294 | Plus | 0.22 | over | 89450 |  |  |  |  |  |  | 1 HOUR OT DAILY | 8 REG, PLUS 1 OT | PER WEEK | GROSS 2 WEEKS | PER YEAR
 | 4 |  | 190751 | 364200 |  | 32580 | Plus | 0.24 | over | 190750 |  |  |  |  |  | 5 Hours OT a week
 | 5 |  | 364201 | 462500 |  | 74208 | Plus | 0.32 | over | 364200
 | 6 |  | 462501 | 693750 |  | 105664 | Plus | 0.35 | over | 462500 |  |  |  |  |  |  | 1.5 HOURS OT DAILY | 8 REG, PLUS 1.5 OT | PER WEEK | GROSS 2 WEEKS | PER YEAR
 | 7 |  | 693751 | INFINITY |  | 186601.5 | Plus | 0.37 | over | 693750 |  |  |  |  |  | 7.5 Hours OT a week
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | EACH CHECK | PER YEAR
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 HOURS OT DAILY | 8 REG, PLUS 2 OT | PER WEEK | GROSS 2 WEEKS | PER YEAR
 | MARRIED, FILING SEPERATELY - C |  |  |  |  |  |  |  |  |  |  | WHAT I'D OWE | ME |  |  | 10 Hours OT a week
 | BRACKET | TAX RATE | TAXABLE INCOME BRACKET |  | WHAT YOU OWE | INITIAL TAXES OWED | PLUS A PERCENTAGE OF THE AMOUNT OWED
 |  |  | MINIMUM | MOST
 | 1 |  | 0 | 11000 |  | 10% of Income
 | 2 |  | 11001 | 44725 |  | 1100 | Plus | 0.12 | over | 11000
 | 3 |  | 44726 | 95375 |  | 5147 | Plus | 0.22 | over | 44725
 | 4 |  | 95376 | 182100 |  | 16290 | Plus | 0.24 | over | 95375 |  |  |  |  |  | REFERENCE
 | 5 |  | 182101 | 231250 |  | 37104 | Plus | 0.32 | over | 182100
 | 6 |  | 231251 | 578125 |  | 52832 | Plus | 0.35 | over | 231250 |  |  |  |  |  | BRACKET | TAX RATE
 | 7 |  | 578126 | INFINITY |  | 93300 | Plus | 0.37 | over | 346875
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 | 0.1
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 | 0.12
 | FILING AS HEAD OF THE HOUSEHOLD - D |  |  |  |  |  |  |  |  |  |  | WHAT I'D OWE | ME |  |  | 3 | 0.22
 | BRACKET | TAX RATE | TAXABLE INCOME BRACKET |  | WHAT YOU OWE | INITIAL TAXES OWED | PLUS A PERCENTAGE OF THE AMOUNT OWED |  |  |  |  |  |  |  |  | 4 | 0.24
 |  |  | MINIMUM | MOST |  |  |  |  |  |  |  |  |  |  |  | 5 | 0.32
 | 1 |  | 0 | 15700 |  | 10% of Income |  |  |  |  |  |  |  |  |  | 6 | 0.35
 | 2 |  | 15701 | 59850 |  | 1570 | Plus | 0.12 | over | 15700 |  |  |  |  |  | 7 | 0.37
 | 3 |  | 59850 | 95375 |  | 6868 | Plus | 0.22 | over | 59850
 | 4 |  | 95351 | 182100 |  | 14678 | Plus | 0.24 | over | 95350
 | 5 |  | 182101 | 231250 |  | 35498 | Plus | 0.32 | over | 182100
 | 6 |  | 231251 | 578100 |  | 51226 | Plus | 0.35 | over | 231250
 | 7 |  | 578101 | INFINITY |  | 172623 | Plus | 0.37 | over | 578100