"W View Tell me AlbCcDdEr AaBbCcDdEe AaBbCcD AaBbCcDo AaBbCcD AaBbCcDdEe Normal No Spacing Heading 1 Heading 2 Title Subtitle Subtle E $0-$9.525 $9.526-$38.700 $38.701-$82.500 $82.501-$157.500 $157,501-$200,000 $200,001-$500,000 $500,001 or more 10% of taxable income 5952.50 plus 12% of the amount over $9.525 $4.453.50 plus 22% of the amount over $38,700 $14,085 50 plus 24% of the amount over $82,500 $32,089 50 plus 32% of the amount over $157.500 $45,689 50 plus 35% of the amount over $200,000 $150,689 50 plus 37% of the amount over $500,000 Married Filing Jointly or Qualifying Widow(er) Taxable Income $0-$19,050 $19.051-$77,400 $77,401-$165,000 $165,001-$315,000 $315,001-$400,000 $400.001-$600,000 $600,001 or more Married Filing Separately Tax Rate 10% of taxable income $1,905 plus 12% of the amount over $19.050 $8.907 plus 22% of the amount over $77,400 $28.173 plus 24% of the amount over $165.000 $64,179 plus 32% of the amount over $315.000 $91.379 plus 35% of the amount over $400,000 $161.379 plus 37% of the amount over $600.000 Rex and Bonnie are married filing a joint tax return for 2018. They have combined adjusted gross income (AGI) of $110,000. Their itemized deductions total $25,000. Their standard deduction is $24,000. They used to claim 2 exemptions in prior tax returns from years 2017 and earlier (which equaled $3,500 per exemption in 2017). They had $12,000 in taxes withheld from their W-2s on the year. (round all amounts $0.50 or more up to the next S) (A) A. What is their taxable income? B. What are their income taxes? (use the tax table above) C. How much of a refund OR payment do they have? (B) I