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Use the following tax rates and income brackets to answer the following question(s). Tax Rate Individual Returns Joint Returns 10% $0 to $8,350 $0 to
Use the following tax rates and income brackets to answer the following question(s). Tax Rate Individual Returns Joint Returns 10% $0 to $8,350 $0 to $16,700 15% $8,351 to $33,950 $16,701 to $67,900 25% $33,951 to $82,250 $67,901 to $137,050 28% $82,251 to $171,550 $137,051 to $208,850 33% $171,551 to $372,950 $208,851 to $372,950 35% Over $372,951 Over $372,951 John and Nicole earn a combined taxable income of $148,800 from employment and file a joint tax return. If they earn$1,000 in short-term capital gains, how much will they owe on those gains? Question 10 options: $100 $150 $250 $280
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