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You have been offered a good job coming out of Texas Tech. It's better than expected and the pay will be $75,000. Your filing
You have been offered a good job coming out of Texas Tech. It's better than expected and the pay will be $75,000. Your filing status will be Single. You will use the standard deduction. What will be the total of the Federal Income and FICA tax ? 10 years after your graduation, you are married and both of you have good jobs. The incomes are split $130,000 and $70,000 Combined your income is $200,000. After a good year, each of you received bonuses of $15,000. Your filing status Is Married Filing Jointly. You will use the standard deduction. What is your Federal Income tax effective Rate? Round to two decimal place (enter whole number only. XX.Xx). Do not put "%" in the answer field
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