Question
Havel and Petra are married, will file a joint tax return, and meet the requirements to file Form 1040EZ. Havel has W-2 income of $40,000
Havel and Petra are married, will file a joint tax return, and meet the requirements to file Form 1040EZ. Havel has W-2 income of $40,000 and Petra has W-2 income of $48,252. (Round your intermediate computations and final answers to 2 decimal places.) Use the appropriate Tax Tables and Tax Rate Schedules.
Tax table link: http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_table.pdf
Tax rate schedules link: http://lectures.mhhe.com/connect/cruz11e_1259713733/2017_tax_rate_schedule.pdf
a. What is their tax liability using the Tax Tables?
b. What is their tax liability using the Tax Rate Schedule?
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