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Explain Answer Josh earned $82,500 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of Josh's
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Josh earned $82,500 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of Josh's taxes for the year 2015? Round to the nearest dollar.
Table 1.2 Use the following tax rates and income brackets for 2015 to answer the following question(s) Tax Rates 10% 15% 25% 28% 33% 95% Individual Returns $0 to $9,075 $9,076 to $36,900 $36,901 to $89,350 $89.351 to $186,350 $186,351 to $405,100 $405,101 to$406,750 Joint Returns S0 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 OA. OB. OC. OD. $12,285 $16,481 $13,750 $18,425Step by Step Solution
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