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Mike and Julie Bedard are a working couple. They will me a joint income tax return. This year they have the following taxable income: 1.

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Mike and Julie Bedard are a working couple. They will me a joint income tax return. This year they have the following taxable income: 1. $125.000 from salary and wages (ordinary income). 2. $1,000 in interest income. 3. $3,000 in dhidend income. 4. $2.000 in profit trom sale of a slock they purchased two years ago. 5. $2,000 in profit trom a stock they purchased this year and sold this yeac, Use the federal income tax rates given in Table 1.2. , to work this problem. a. How much will Mike and Julie pay in federal income taxes on 2 above? b. How much will Mke and Jule pay in federal income tawes on 3 above? (Nofe: Remember that dividend income is taxed ditterently than ofdinary income.) c. How much will Mike and Julie pay in federal income taxes on 4 above? d. How much wili Mike and Julie pay in federal income tawes on 5 above? Data table (Click the icon here in order to copy the contents of the data table below into a spreadsheet.)

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