For tax years 2014 and later.

Taxable income range Base Rate At least But less than $0 $2,000 $0 0 2,000 5,000 0 .022 5,000 10,000 66 .039 10,000 20,000 261 .048 20,000 25,000 741 .052 25,000 60,000 1,001 .0555 $60,000 $2943.50 .066

The basic tax calculation is Base + (Rate * (Income – Range start)

For example, the tax on $12,345 is 261 + (.048 * (12345-10000)) = 261 + (.048 * 2345) = 261 + 112.56 = 373.56, which would be rounded to $374.

However, $374 is not listed in the tax table.

For taxable income up to $60,000, the amount listed in the tax table is calculated on the middle of a $50 range. For taxable income over $60,000, the tax amount is not listed in the table, and should be calculated on the exact income amount.

If the calculated tax amount ends in .50 or higher, it is rounded up to the next whole dollar.