dmertz
Level 15

Get your taxes done using TurboTax

To elaborate on what VolvoGirl said, of the $55,468 taxable, the the first $14,100 is taxed at 10%, then next $39,600 is taxed at 12% and just the last $1,768 (actually $1,775 because of the stepwise nature of the tax tables) is taxed at 22%.