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George and gloria file mfj if George makes 220000 wages and gloria made 40000 wages how...

George and gloria file mfj if George makes 220000 wages and gloria made 40000 wages how much tax on earned income do they owe

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Answer #1

Total income (220000+40000) =260000

Less : standard deduction = 24000

Total taxable income = 236000

Tax liability = 28179 + (24%*(236000-165000))=$45219

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