TAX-RATE SCHEDULE

tax-rate schedule. A schedule used to determine the tax on a given level of taxable income and based on a taxpayer’s status (for example, married filing a joint income-tax return). — Also termed tax table.[Cases: Internal Revenue 3545–3552; Taxation 1061–1065. C.J.S. Internal Revenue §§ 331–333, 335, 358–361, 797; Taxation § 1698.]