Jaylen and Zan are married, filing jointly. Their total adjusted gross income was $82,000 and...

70.2K

Verified Solution

Question

Accounting

Jaylen and Zan are married, filing jointly. Their total adjusted gross income was $82,000 and they qualified for the standard deduction of $24,000. Use the following 2018 tax rate schedule to calculate their 2018 federal income tax.
If your filing status is married, filing jointly or surviving spouses;
\table[[and taxable income is more than:,but not over:,your tax is:],[$0,$19,050,10% OF the taxable income],[$19,050,$77,400,$1905 plus 12% of the excess over $19,050
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students