Luke and Kara Sanders are married and file a joint return. Luke works as a mechanical engineer
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Question:
Luke and Kara Sanders are married and file a joint return. Luke works as a mechanical engineer making $175,500 a year and Kara is a nurse practitioner making 195,000 Additionally, the firms where both works has seen an increase in profits, and each has received a $15,000 bonus in addition to their regular salaries.
What will be the total of the Federal Income and FICA tax the Sanders would pay including the bonuses to the nearest dollar.
Hint: Compare with Social Security limit
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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