Rates for a couple filing a joint tax return are 10% up to $17,850 and 15% thereafter
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Question:
Rates for a couple filing a joint tax return are 10% up to $17,850 and 15% thereafter up to $72,500. Joanna and Delbert Linton earned combined gross income of $26,000. They took the standard deduction of $12,200 for a married couple filing a joint return and two exemptions of $3,900 each.
Compute the amount of income tax.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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