Final answer:
To calculate the tax for a head of household, you need the specific year's tax brackets and rates which can change annually. A high-income household faces a higher marginal tax rate and thus pays more taxes than a lower-income household. Deductions and credits can significantly alter the amount of tax owed.
Step-by-step explanation:
Tax Calculation for Different Incomes
To calculate the tax for a head of household taxpayer, we would apply the appropriate tax rates and brackets as per the IRS tax tables that were relevant for the incomes provided. Please note that these rates can change yearly, so without the exact year or the current IRS tax tables, we cannot give precise figures for the tax to be paid.
However, based on the information we have and assuming a similar tax structure:
- For taxable income of $200,000, the individual falls into a higher tax bracket. From the given example, a high-income household with this income would have a marginal tax rate of 33%, leading to a significant tax amount.
- For taxable income of $23,872, this would result in a much lower tax burden as it falls within a lower tax bracket.
- For taxable income of $121,890, the taxpayer would again be in a moderately high tax bracket but not as high as the $200,000 scenario.
- For taxable income of $82,251, this individual would be in a middle tax bracket. They would expect to pay more than the $23,872 income but less than the higher incomes listed.
It's also worth noting that tax credits, deductions, and incentives can substantially affect the final tax paid.
For a precise calculation, one must refer to the specific tax brackets of the year in question and account for all possible deductions and credits the head of household may be eligible for.