What types of information are on the 2014 Federal tax table?


Quick Answer

The 2014 federal income tax tables show taxes owed based on a taxpayer's filing status and the amount of his taxable income, according to the IRS. While tables of tax brackets show tax rates for income ranges, tax tables show the exact tax on a given income, according to Investopedia.

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Full Answer

Tax tables show the different tax amounts the federal government levies on an income of a given amount, depending on the filing status reported on a tax return, states the IRS. For 2014, the federal tax table shows that a single taxpayer with an income of $80,000 is liable for approximately $16,000 in taxes while a married couple with the same income must pay approximately $12,000.

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