4) (25 pts.) You make \$70,000 a year and your spouse makes \$80,000. How much income tax will you pay if you file as: a) Two separate individuals b) As a couple filing a joint return
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The tax brackets for 2021 for married couples filing jointly are as follows: - 10% on income up to $19,900 - 12% on income between $19,901 and $81,050 - 22% on income between $81,051 and $172,750 - 24% on income between $172,751 and $329,850 - 32% on income Show more…
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