8. David and Billinda are married and file their taxes jointly. David's taxable income was $37,590 and Billinda's was $39.654. David's employer withheld $6,874 in federal taxes. Billinda's employer withheld $7,026 in federal taxes. a. What is their combined taxable income? b. Use the tax tables from beginning of the test to determine their tax. c. Do they get a refund? d. Find the difference between their tax and the amount withheld by their employers. Marginal Tax Rate Marginal Tax Rate 1.0% 2.0% 3.0% 4.0% 1914 Tax Brackets Over But not over SO 1 $20,000 $20,000 S50,000 $50,000 $75,000 $75,000 $100,000 $100,000 $250,000 $250,000 $500,000 $500,000 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 2009 Tax Brackets Over But not over SO $8,375 S8,375 S34,000 $34,000 S82,400 $82,400 S171,850 $171,850 $373,650 $373,650 5.0% 6.0% 7.0% IT line 43 (taxable Income) is line 43 And you are And you are line 3 taxable Incom) And you are - Income) - ut Single Mario Mamed Tied Married Head 1 I house oby Your taxis- Your tax is 83,000 83,000 83,050 83,050 83.100 100 3150 83,150 83.200 84200 83,250 EFFE EFFE EFFE FERR rately Your tax is- 77.000 77,000 77.050 15,600 11.94415.99 14319 77.050 77.100 15.613 11.956 15.951 14,331 77.100 77.150 15.625 11.969 15.967 14,344 77.150 77,200 15,638 11,981 15.981 14.356 77,200 77,250 15,650 11.994 15.99$ 14,360 77,400 15.663 12.006 16,000 14.381 15.675 12.019 16.023 14.394 12.031 16,037 14,906 15.700 12.044 16,051 14.419 15.713 12.056 16,055 14.431 12.069 16.079 14.414 15,738 12.051 16.093 14,456 12.094 16.107 12.106 16.121 12.119 16.135 12.131 16,149 15.800 12.14416163 15.513 12.156 16.177 15.825 12.169 16.191 15.838 12,181 16.205 80,000 0,000 $0.00 16.5 12.694 1679 10.05080,100 16,399 12.706 16.793 15.081 80,100 80,150 16,413 12.719 16.80? 15.094 80,150 80,200 16,427 12.731 16,821 15.106 80,200 $0.250 16,441 12.744 16,835 15.119 16.455 12.756 16,819 15.131 16,469 12,760 16,863 15.144 16,483 12.781 16,877 15.156 16,497 12.794 16,891 15.169 16.511 12.06 16,905 15.181 16,325 12.819 16.919 15.194 16.539 12.831 16933 15.206 16.353 12.544 16,947 15.219 16567 12.56 16,96! 15.231 16381 12.889 16.97515,344 16595 12.881 16,989 15.256 16.609 12.894 17.003 15.269 16.623 12.906 17.017 15.281 16,637 12919 17.031 15.294 16.651 12931 17.045 15.306 17.225 13.44 17.619 15.819 17.239 13.456 1761115.831 17.253 13.469 17.547 15.844 17.267 13,481 17,661 15.856 17.281 13.494 17,675 15.868 17.295 13.506 17.689 15.881 17,309 13.519 17.703 15.894 17.323 13.531 17.717 15.906 17,337 13.544 17,731 15.919 17.351 13.556 17,745 15.031 17.365 13.569 17.759 15.944 17.379 13.581 17.773 15.956 17.393 13.594 17,787 15.969 17.407 13.606 17.801 15.981 17.01 13.519 17515 15.994 17.435 13.631 17,839 16,006 17,449 13,6 17,84 16.019 17.463 13656 17.857 16.031 17.477 13.659 17.871 16.044 17.491 13.681 17,885 16.056
