Question

Table 1.2 2018 (due April 15, 2019) Tax rates Individual Returns Joint Returns 10% $0 to $9,525 $0 to $19,050 12% $9,526 to $38,700 $19,051 to $77,400 22% $38,701 to $82,500 $77,401 to $165,000 24% $82,501 to $157,500 $165,001 to $315,000 32% $157,501 to $200,000 $315,001 to $400,000 35% $200,001 to $500,000 $400,001 to $600,000 37% Over $500,000 Over $600,000 In 2018, Jordan and Kailey earned a combined taxable income of $148,800 from employment plus $1,000 in long term capital gains and they file a joint tax return. What is their total federal income tax? Round to the nearest dollar. A. $24,659 B. $33,780 C. $29,063 D. $24,765

          Table 1.2
2018 (due April 15, 2019)
Tax rates
Individual Returns
Joint Returns
10%
$0 to $9,525
$0 to $19,050
12%
$9,526 to $38,700
$19,051 to $77,400
22%
$38,701 to $82,500
$77,401 to $165,000
24%
$82,501 to $157,500
$165,001 to $315,000
32%
$157,501 to $200,000
$315,001 to $400,000
35%
$200,001 to $500,000
$400,001 to $600,000
37%
Over $500,000
Over $600,000
In 2018, Jordan and Kailey earned a combined taxable income of $148,800 from employment plus $1,000 in long term capital gains and they file a joint tax return. What is their total federal income tax? Round to the nearest dollar.
A. $24,659
B. $33,780
C. $29,063
D. $24,765

Table 1.2
2018 (due April 15, 2019)
Tax rates
Individual Returns
Joint Returns
10%
0 to9,525
0 to19,050
12%
9,526 to38,700
19,051 to77,400
22%
38,701 to82,500
77,401 to165,000
24%
82,501 to157,500
165,001 to315,000
32%
157,501 to200,000
315,001 to400,000
35%
200,001 to500,000
400,001 to600,000
37%
Over 500,000
Over600,000
In 2018, Jordan and Kailey earned a combined taxable income of 148,800 from employment plus1,000 in long term capital gains and they file a joint tax return. What is their total federal income tax? Round to the nearest dollar.
A. 24,659
B.33,780
C. 29,063
D.24,765

Added by Teresa R.

Question

Please give Ace some feedback