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During 2015, the Smiths and the ones both filed Joint lax means. For the tax yow ended December 31, 2015, the Smithstable income was $130,000,

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During 2015, the Smiths and the ones both filed Joint lax means. For the tax yow ended December 31, 2015, the Smithstable income was $130,000, and the Jones had total taxable income of $65,000 a. Using the federal taxes oven in Table 12. for married couples filling in rebus, calculate the taxes for both the Smiths and the Jones, b. Calculate and compare the wie of the Smiths' to the Jones' taxable income and the ratio of the Smiths to the Jones's What does this demonstrate about the federal income tax structure? a. Using the federal tax rates given in Table 12 for married couples filing joint retums, the taxes for the Smith (Round to the nearest dollar) The taxes for the Jones (Round to the nearest dolar) . The ratio of the Smith to the Jones' table income is (Round to two decimal pieces) Data Table The ratio of the Smiths to the Jones taxes is (Round to two decimo piacere) What does this demonstrate about the federal income tax structure? (Choose the best answer below) TABLE 1.2: Tax Rates and income Brackets for Joint Returns (2015) O A Those who cam higher incomes pay a higher proportion of their income into Taxable income Tax Rates Joint Returns OB. Those who earn higher incomes pay a lower proportion of their income in awes 10% $0 to $18.150 OC. Those who com lower incomes pay a higher proportion of the income in taxes. 15% $18,151 to $73.800 25% $73,801 to $143.650 OD. Everyone pays the same proportion of the income into 28% $148.851 to $226,850 33% $226,851 to $405,100 35% $405.101 to $457,600 39.6% Over $457.500 Click on the icon loved on the top right corner of the datatable above in order to cosy is content spreadsheet) Print Done Click to select your answers MacBook

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