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Table 1.2 Use the following tax rates and income brackets for 2015 to answer the following question(s). Tax Rates 10% 15% 25% 28% 33% 35%

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Table 1.2 Use the following tax rates and income brackets for 2015 to answer the following question(s). Tax Rates 10% 15% 25% 28% 33% 35% Individual Returns $0 to $9,075 $9,076 to $36,900 $36,901 to $89,350 $89,351 to $186,350 $186,351 to $405,100 $405,101 to $406,750 Joint Returns $0 to $18, 150 $18,151 to $73,800 $73,801 to $148,850 $148,851 to $226,850 $226,851 to $405,100 $405,101 to $457,600 15) In 2015, John and Nicole 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) $37,150 B) $29,063 C) $29,593 D) $28,963 ante

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