Seth and Megan are married taxpayers who file as married filing jointly. Their taxable income for 2021
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Question:
Seth and Megan are married taxpayers who file as married filing jointly. Their taxable income for 2021 is $140,000. This amount does not include any long-term capital gains or qualifying dividends. Use the marginal tax rate schedules to compute their 2022 tax liability.
A. $30,800
B. $12,419
C. $22,034
D. $23,858
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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