Mke and Julie Bedard are working couple. They will see a joint income tax wtum. This year they have the following table income 1. $120,000 from salary and wage (ordinary income) 2. $4,000 in interest income 3. $1,000 in dividend income 4. 54.000 in profit from sale of a stock they purchased 2 years ago 5.55,000 in profit from a stock they purchased this year and sold this year Use the federal income tax rates given in Table 12. m to work this problem How much will Mike and will pay in federal incorres on 2 above? b. How much wil Mike and Julie pay in federal income taxes on 3 above? (Note: Remember that dividend income in the differently than ordinaryone e. How much will Mike and Julie pay in federal incomes on above? d. How much wil Mke and Jupay in federal income taxes on Satove? The amount Mike and Julie wit pay in feceral income taxes on 3, their interest income is 5 Round to the nearest dator) b. The amount Mike and Julie Wil pay in federal ncome taxes on 3, their dividend income, is (Round to rest otec) Mere Ranumber that duldend income is trued aferently then adinay nene) e. The amount Mike and will pay in federal income taxes and the profit from the sale of stock that they purchased 2 years ago 5 Pound to the nearea date d. The amount Mke and Juie will pay in tederal income taxes on 5, the proft on the of lock they purchased and to this year, Bound to the more Next ta Table TABLE 1.2: Tax Rates and Income Brackets for Joint Returns (2015) Taxable Income Tax Rates Joint Returns 10% $0 to $18,150 15% $18,151 to $73,800 25% $73,801 to $148,850 28% $148,851 to $226,850 33% $226,851 to $405,100 35% $405,101 to $457,600 39.6% Over $457,600 (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done A W