Score: 0 of 4 pts 3 of 3 HV P1.4 (book/static) Mike and Julie Bedard are a working couple. They wil file a joint income tax return. This year they have the following taxable income: 1. $125,000 from salary and wages (ordinary income). 2. $1,000 in interest income. 3.53,000 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 1.2 to work this problem a. How much will Mike and Julle pay in federal income taxes on 2 above? b. How much will Mike and Julle pay in federal income taxes on 3 above? (Note: Remember that dividend income is taxed differently than ordinary income.) c. How much wil Mike and Julle pay in federal income taxes on 4 above? d. How much will Mike and Julia pay in federal income taxes on 5 above? a. The amount Mike and Julie will pay In federal income taxes on 2, their interest income, is $(Round to the nearest dollar.) joint income tax return. This year they have the following taxable income: ears nd Data Table . to w Ees es kes d xes taxes TABLE 1.2: Tax Rates and Income Brackets for Joint Returns D (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 000 000 F4 DII F8 F5 F6 F7 79 $ % & *