During 2015, the Smiths and the Jones both fled joint tax returns. For the tax year ended December 31, 2015, the Smiths taxable income was $125,000, and the Jones had total taxable income of $62,500, Using the federal tax rates given in Table 1.2. for married couples fling joint returns calculate the taxes for both the Smiths and the Jones b. Calculate and compare the ratio of the Smiths' to the Jones' taxable income and the ratio of the Smiths to the Jones' taxes. What does this demonstrate about the federal income tax structure? a. Using the federal tax rates given in Table 1.2 for married couples fling joint returns, the taxes for the Smiths is (Round to the nearest dollar) Data Table TABLE 1.2 Tax Rates and Income Brackets for Joint Returns Tax Rates 10% 15% 25% 28% 33% 35% 39.6% (2015) Taxable Income Joint Retu $0 to $18,150 $18 151 to $73,800 $73.801 to $148,850 $148,851 to $226,850 $226 851 to $405,100 $405,101 to $457,600 Over $457 600 (Cack on the icon located on the top-right comer of the data table above in order to copy its contents into a spreadsheet) Print Done - X