The federal income tax rate schedule for a joint return in 2014 is illustrated in the table

Question:

The federal income tax rate schedule for a joint return in 2014 is illustrated in the table below. If the Marquez family paid $12,715 in federal taxes, determine the family€™s adjusted gross income.

Adjusted Gross Income Taxes $0-$18,150 10% of income $1815 + 15% of amount over $18,150-$73,800 $18,150 $10,162.50 + 25%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

Question Posted: