The tax owed is $16,581.00 for a married individual filing separately with a taxable income of $94,000 in 2021. ;
The 2021 federal income tax has multiple marginal tax rates based on the amount of taxable income, along with standard deductions that reduce taxable income. For example, a married couple filing jointly with a taxable income of $100,000 pays a total tax of $12,226.50 after deductions. Understanding these rates and deductions helps accurately calculate income tax obligations.
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