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Mario and Maria are married. They file their tax return as Married Filing Joint. Their 2018 income from wages is $475,000. They have qualified dividends
Mario and Maria are married. They file their tax return as Married Filing Joint. Their 2018 income from wages is $475,000. They have "qualified dividends" of $50,000. Total 2018 gross income is $525,000. They are both under 65 years of age and do not itemize their deductions. What is their total federal income tax?
A) $114,389 B) $117,829 C) $121,829 D) $126,729
PLEASE NOTE: THIS IS BASED OFF OF THE 2018 FORMS
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