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answer all parts in order to copy the contents of the data table below into a isheet.) TABLE 1.2: Tax Rates and Income Brackets for

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in order to copy the contents of the data table below into a isheet.) TABLE 1.2: Tax Rates and Income Brackets for Joint Returns Mike and Julie Bedard are a working couple. They will file a joint income tax retum. This year they have the folowhe taxable income: 1. $125,000 from salary and wages (ordinary income). 2. $1,000 in interest income. 3,$3,000 in dividend income. 4. \$2,000 in profit from sale of a stock they purchased two yoars ago. 5,$2,000 in prolit from a stock they purchased this year and sold this year. Use the federal income tax rates given in Table 1.2, to wokk this problem. a. How much will Mike and Julie pay in federal income taxos on 2 above? b. How much will Mike and Julie pay in federal income taxes on 3 above? (Note. Remember that dividond income is taxod differonty than orarary incorre ) c. How much will Mike and Julie pay in fedoral income taxes on 4 above? d. How much will Mike and Julie pay in federal income taxes on 5 above? a. The amount Mike and Julie will pay in tederal income taxes on 2, their interent incone, is $ (Round to the nearest dolar)

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