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Mke and Julie Bedard re a working couple. They wil fie a joint income tax rebum. This year they have the following taxable income 1.

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Mke and Julie Bedard re a working couple. They wil fie a joint income tax rebum. 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 dividend Income 4. $2,000 in profit from sale of a stock they purchased 2 years ago 5. $2,000 in profit from a stock they purchased this year and sold this year Use the federal income tax rates given in Table 12, to work this problem a. How much wil Mke and pay in federal income taxes on 2 above? b. How much wil Mike and Julle pay in federal income taxes on 3 above? (Note: Remember that dividend income isted differently than ordinary income.) c. How much wil Me and Me pay in federal income taxes on 4 bove? d. How much will Mke and Julie pay in federal income taxes on 5 above? ..The amount Mike and Julie wil payntederal income taxes on 2 their interest income, Round to the rest olor) b. The amount Mike and Julle wil pay in federal income taxes on their dividend income, is (Round to the nearest dollar) (Note: Remember that dividend income is taxed differently than ordinary income) c. The amount Mike and Julie will pay in federal income was on the proft from the sale of stock that they purchased 2 years ago, is $(Round to the nearest dolar) d. The amount Mike and Julle will pay in federal income taxes on the profit on the sale of stock they purchased and sold this year, is Round to the nearest dolar) Data Table TABLE 12: Tax Rates and Income Brackets for Joint Returns (2015) Taxable income Tax Rates Joint Red 109 30 to $18.150 15% $18.151 to 173.800 573.801 to $140,850 28% $148 51 5226.850 33% $220.51 to 5405,100 35% $405,1015457.000 Over 3457.000 Enter your answer in each of the answer boxes MK o

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