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Table 1.2 2018 (due April 15, 2019) Tax rates Individual Returns $0 to $9,525 Joint Returns $0 to $19,050 10% 12% 22% 24% 32% $9,526
Table 1.2 2018 (due April 15, 2019) Tax rates Individual Returns $0 to $9,525 Joint Returns $0 to $19,050 10% 12% 22% 24% 32% $9,526 to $38,700 $38,701 to $82,500 $82,501 to $157,500 $157,501 to $200,000 $200,001 to $500,000 Over $500,000 $19,051 to $77,400 $77,401 to $165,000 $165,001 to $315,000 $315,001 to $400,000 $400,001 to $600,000 Over $600,000 35% 37% In 2018, Jordan and Kailey earned a combined taxable income of $148,800 from employment plus $1,000 in long term capital gains and they file a joint tax return. What is their total federal income tax? Round to the nearest dollar. A. $24,659 B. $33,780 C. $29,063 D. $24,765
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