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Your taxable income on Line 15, Form 1040 is $300,000. Your filing status is Married Filing Jointly. Calculate the amount of federal income taxes you
Your taxable income on Line 15, Form 1040 is $300,000. Your filing status is Married Filing Jointly. Calculate the amount of federal income taxes you will owe for 2020. O A. $30,948 B. $29,211 C. $60,159 OD. $72,000 Your taxable income (line 15 of the form 1040) is $150,000. Your filing status is Single. Using the 2020 Income Tax Rate Schedule, please calculate the amount of income taxes you will owe for the year. (use your 2020 Income Tax Rate Schedule that we used in class to answer this question) A. $24,879.00 B. $30,080.50 C. $14,605.50 OD. $36,000.00
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