In 2018 what is the amount of tax liability for a married couple filing jointly with...
In 2018 what is the amount of tax liability for a married couple filing jointly with taxable income of 135,500?
Homework Answers
Federal IncomeTaxes under2018 tax reforms
Standard deduction=$24000
Therefore taxable income=$135500-$24000=$111500
Marginal federal income tax rate= 22%
Effective federal income tax rate=12.11%
Tax payable=$135500*12.11/100=$16409.05=$16409
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In 2018 what is the amount of tax liability for a married couple
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