Staff adjuster: This is an employee of the insurance company and they represent the interests of their insurance company, not yours! Independent adjuster: This person is an independent contractor who also works for the insurance company and again, represents the insurance companies interests, not yours! Public adjuster: This person is hired by you, normally costs you nothing out of your pocket and represents YOUR interests. *A first-party claimant is the person whose name is on the building insurance policy and whose property is affected by a covered loss.
It would be calculated as $1,215 plus 15 percent of the amount over $12,150. If taxable income is between $46,250 and $119,400, the percentage of tax due on this amount goes up to 25 percent.
That income level puts you in the 28 percent tax bracket. But only $649 is taxed at that rate. The rest of your taxable income is taxed at the rates -- 10 percent, 15 percent and 25 percent -- leading up to the 28 percent tax rate bracket. Also remember that these tax brackets are for your 2014 income. You'll use them when you file your 2014 tax return in 2015.