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

CA FICA Tax Total Tax % of total income is being taxed. 2. 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 3. You have had a successful year working for Medtronic. You made $115,000 and a bonus of $10,000. You are filing status is single and you are taking a standard deduction. Your company offers a 401(k)