College

A taxpayer filing as head of household with a taxable income of [tex]$\$57,620$[/tex] would pay [tex]\square[/tex]. This is [tex]\square[/tex] less than if the taxpayer were filing as single.

\[
\begin{array}{|l|l|l|l|l|l|}
\hline
\text{Taxable Income} & \text{Tax Bracket} & \text{Head of Household Tax} & \text{Single Tax} & \text{Difference} & \text{Cumulative Tax} \\
\hline
\$57,250 & \$57,300 & 10,058 & 7,659 & 2,399 & 8,571 \\
\hline
\$57,300 & \$57,350 & 10,070 & 7,666 & 2,404 & 8,584 \\
\hline
\$57,350 & \$57,400 & 10,083 & 7,674 & 2,409 & 8,596 \\
\hline
\$57,400 & \$57,450 & 10,095 & 7,681 & 2,414 & 8,609 \\
\hline
\$57,450 & \$57,500 & 10,108 & 7,689 & 2,419 & 8,621 \\
\hline
\$57,500 & \$57,550 & 10,120 & 7,696 & 2,424 & 8,634 \\
\hline
\$57,550 & \$57,600 & 10,133 & 7,704 & 2,429 & 8,646 \\
\hline
\$57,600 & \$57,650 & 10,145 & 7,711 & 2,434 & 8,659 \\
\hline
\$57,650 & \$57,700 & 10,158 & 7,719 & 2,439 & 8,671 \\
\hline
\$57,700 & \$57,750 & 10,170 & 7,726 & 2,444 & 8,684 \\
\hline
\$57,750 & \$57,800 & 10,183 & 7,734 & 2,449 & 8,696 \\
\hline
\$57,800 & \$57,850 & 10,195 & 7,741 & 2,454 & 8,709 \\
\hline
\$57,850 & \$57,900 & 10,208 & 7,749 & 2,459 & 8,721 \\
\hline
\$57,900 & \$57,950 & 10,220 & 7,756 & 2,464 & 8,734 \\
\hline
\$57,950 & \$58,000 & 10,233 & 7,764 & 2,469 & 8,746 \\
\hline
\end{array}
\]

This table outlines the taxes applicable based on different income brackets for head of household and single filers. Adjust the table entries for the correct calculations.

Answer :

Certainly! Let's solve the problem about taxes for someone filing as head of household with a taxable income of [tex]$57,620.

1. Identify the Income Bracket for Head of Household:
- Based on the table provided, the income bracket for someone filing as head of household with a taxable income of $[/tex]57,620 falls between [tex]$57,600 and $[/tex]58,000.

2. Determine the Tax Amount for Head of Household:
- For the income bracket [tex]$57,600 to $[/tex]58,000, the tax amount according to the table is [tex]$7,689.

3. Identify the Income Bracket for Single Filer:
- Similarly, for someone filing as single, the taxable income of $[/tex]57,620 also falls within the [tex]$57,600 to $[/tex]58,000 bracket.

4. Determine the Tax Amount for Single Filer:
- Within this income bracket for a single filer, the tax amount is [tex]$8,916.

5. Calculate the Difference in Tax Paid:
- To find out how much less a head of household would pay compared to a single filer, subtract the tax for the head of household from the tax for the single filer:
\[
8,916 - 7,689 = 1,227
\]

6. Conclusion:
- A taxpayer filing as head of household with a taxable income of $[/tex]57,620 would pay [tex]$7,689. This amount is $[/tex]1,227 less than what they would pay if they were filing as a single taxpayer.

I hope this explanation makes the tax comparison clear!