Question Help P1.4 (similar to) Mike and Julie Bedard are a working couple. They will file a joint Income tax return. This year they have the following taxable income: 1. S125,000 from salary and wages (ordinary income). 2. $5,000 in interest income 3. S2,000 in dividend income. 4. $5,000 in profit from sale of a stock they purchased two 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 1.2. E. to work this problem. a. How much will Mike and Julie pay in federal income taxes on 2 above? b. How much will Mike and Julie pay in federal income taxes on 3 above? (Note: Remember that dividend income is taxed differently than ordinary incorne.) c. How much will Mike and Julle pay in federal income taxes on 4 above? d. How much will Mike and Julie pay in federal income taxes on 5 above? Data Table a. The amount Mike and Julie will pay in federal income taxes on 2. their interest income, is S. (Round to the nearest dollar.) (Click the icon here in order to copy the contents of the data table below into a spreadsheet.) TABLE 1.2: Tax Rates and Income Brackets for Joint Returns (2018) Taxable income Tax Rates Joint Returns 10% SO to $19,750 12% $19,751 to $80,250 22% $80,251 to $171,050 24% S171,051 to $326,600 32% S326,601 to $414,700 35% S414,701 to $622,060 37% Over $622,050