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5. Use the marginal tax rates below for a married couple filing a joint return for their farm business to determine how much income

5. Use the marginal tax rates below for a married couplefiling a joint return for their farm business to determinehow much

5. Use the marginal tax rates below for a married couple filing a joint return for their farm business to determine how much income tax is paid if the taxable income is $130,000 (6) Show your work. Marginal Tax Rates 10.0% Taxable Income $0 - $16,750 $16,750 $68,000 $68,000 - $137,300 $137,300 - $209,250 15.0% 25.0% 28.0%

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