During 2016, the Smiths and the Jonetes both ledjait tax retums. For the tax year ended December 31, 2018, the Smithe table income was $135,000, and the Jones had total table income of $57,500 Using the federal tax rates given in Table 12. m. for married couples fling joint retums, calculate the time for both the Smiths and the Joneses Cole and compare the rule of the Smiths' to the one tabin Income and the ratio of the Smith to the Jonetas ties. What does the demonstrate about the federal income tax structure? Using the lateral tax rates pren in Table 12 for maried couples ting joint return, the aves for the Sinha (Round to the nearest dollar) TABLE 1.2: Tax Rates and Income Brackets for Joint Returns (2018) Taxable income Tax Rates Joint Returns 10% $0 to $19,050 12% $19,051 to $77,400 22% $77,401 to $165,000 24% $165,001 to $315,000 32% $315,001 to $400,000 35% $400,001 to $600,000 37% Over $600,000