Question
Luke and Kara Sanders are married and file a joint return. Luke works as a mechanical engineer making $175,500 a year and Kara is a
Luke and Kara Sanders are married and file a joint return. Luke works as a mechanical engineer making $175,500 a year and Kara is a nurse practitioner making 195,000 Additionally, the firms where both works has seen an increase in profits, and each has received a $15,000 bonus in addition to their regular salaries.
What will be the total of the Federal Income and FICA tax the Sanders would pay including the bonuses to the nearest dollar.
Hint: Compare with Social Security limit
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
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