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Suppose you are married filing jointly. If your taxable income was $32,000 then how much would you owe in taxes? Bracket Lower Tax rate Limit Bracket Upper Limit Base Tax 10% $0 $19,750 12% $19,750 $80,250 $1,975 22% $80,250 $171,050 $9,235 24% $171,050 $326,600 $29,211 Answer to the nearest dollar. . A friend of yours borrowed $200 from a payday lender. They have to pay $75.00 each month for the next 4 months to pay off the debt. What is the monthly interest rate for this loan? Answer in percent and basis points. (ie. if your answer was 12.34% then put 12.34, not 0.1234)