In 2018, Zow and Zack earned a combined taxable income of $140,000 from employment and they...
In 2018, Zow and Zack earned a combined taxable income of $140,000 from employment and they file a joint tax return. What is their total federal income tax based on the following 2018 tax brackets and rates for couples?
Tax rate: 10%, Income: $0 - $19,050
Tax rate: 12%, Income: $19,051 - $77,400
Tax rate: 22%, Income: $77,401 - $165,000
Homework Answers
Answer - Total Income Tax - $22679
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married couple who file a joint income tax return, where the tax
rates are based on the tax table 3.5. Assume that their taxable
income this year was $364,000. Do not round intermediate
calculation.
What is their federal tax liability? Round your answer to the
nearest dollar.
$
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nearest whole number.
%
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