Question
Sarah and Jason are married, live in NJ, and made $130,000 last year. They are going to file jointly and have compared deductions and decided
Sarah and Jason are married, live in NJ, and made $130,000 last year. They are going to file jointly and have compared deductions and decided to take the standard deduction ($24,800 for someone who is married, filing jointly). They contributed $2,500 to an IRA and they have 2 children and no other deductions or credits. Use the information on your Income Tax Table Reference Sheet to answer the questions.
18. Determine how much state tax Sarah and Jason should pay in 2020 (Assume their state taxable income is the same as their federal taxable income). *
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