1. 10 years after your graduation, you are married and both of you have good jobs. The incomes are split $130,000 and $70,000 Combined your income is $200,000. After a good year, one of you received bonuses of $13,000, the other $7,000. Your filing status Is Married Filing Jointly. You will use the standard deduction. What is the total Federal income tax and FICA tax?

What is your effective tax rate? $ _____________

_____________________% Effective Tax Rate