During 2018, the Smiths and the Jonesos both filed Joint tax retums. For the tax your ended December 31, 2018, the Smiths taxable income was $135,000, and the one had to be income of $67,500 a. Using the federal tax rates given in Table 1.2. m. for married couples ing joint retums, calculate the taxes for both the Smiths and the oneses b. Calculate and compare the ratio of the Smiths' to the Joneses taxable income and the ratio of the Smith to the Jonestowe. What does this demonstrate about the federal income tax structure Using the federal tax ratto given in Toblo 1.2 for married couples fling joint retums, the time for the found to the nearest door) The tumes for the Jonesen in $(Round to the nearest dolar) b. The ratio of the Smiths' to the Jonesos taxable income is (Round to two decimal place) The ratio of the Smiths' to the Joneses taxes is (Round to wo decimal places) What does this demonstrate about the federal income tax structure? Choose the best answer below) O A. Those who can higher incomes pay a higher proportion of their income in taxes B. Those who cam higher incomes pay a lower proportion of their income in the OC. Those who eam lower incomes pay a higher proportion of their income in taxes OD. Everyone pays the same proportion of their income in taxes For the tax year ended December 31, 2018, the Smiths' taxable income was $135,000, and the Jones hac ples filing joint returns, calculate the taxes for both the Smiths and the Joneses. able income and the ratio of the Smiths' to the Joneses taxes. What does this demonstrate about the feden Filing joint colums the taxes for the Smiths is (Round to the nearst dollar) Data Table lound to decimal (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) ? (Choo their inca their incon their inco TABLE 1.2: Tax Rates and Income Brackets for Joint Returns (2018) Taxable income Tax Rates Joint Returns 10% So 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 es Print Done MacBook