Question
Bob and Jane are married. They file their taxes as Married filing jointly They have income from work totaling $112,823 after deductions. What will their
Bob and Jane are married. They file their taxes as "Married filing jointly" They have income from work totaling $112,823 after deductions. What will their tax bill be before credits and withholding are included? (Don't assume anything that isn't already included in the problem. Round your answers to the nearest cent.)
Helpful Table:
| Tax Rate | For SingleFilers | For Married Individuals Filing Joint Returns | For Heads of Households |
| 10% | $0 to $11,000 | $0 to $22,000 | $0 to $15,700 |
| 12% | $11,000 to $44,725 | $22,000 to $89,450 | $15,700 to $59,850 |
| 22% | $44,725 to $95,375 | $89,450 to $190,750 | $59,850 to $95,350 |
| 24% | $95,375 to $182,100 | $190,750 to $364,200 | $95,350 to $182,100 |
| 32% | $182,100 to $231,250 | $364,200 to $462,500 | $182,100 to $231,250 |
| 35% | $231,250 to $578,125 | $462,500 to $693,750 | $231,250 to $578,100 |
| 37% | $578,125 or more | $693,750 or more | $578,100 or more |
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
