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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 tax is

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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 tax is paid if the taxable income is $130,000 Taxable Income Marginal Tax Rates $0 - $16,750 10.0% $16,750 - $68,000 15.0% $68,000 - $137,300 25.0% $137,300 - $209,250 28.0%

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