Problem 3 (20pts). According to the 2022 Federal Income Tax Bracket (shown below), determine the total amount of income taxes for a married couple filing
Problem 3 (20pts). According to the 2022 Federal Income Tax Bracket (shown below), determine the total amount of income taxes for a married couple filing jointly with an AGI of $200,000. Determine the effective tax rate. Tax Rate [%] Single Filing Jointly 35 >$215.950 >$431.900 32% >$170,050 >$340,100 24% >$89.075 >$178,150 >$41,775 >$83,550 12% >$10.275 >$20,550 10% $$10.275
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