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Use the tax rates and standard deductions given in the text. Claude and Maryse earned...

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Finance

Use the tax rates and standard deductions given in the text.

Claude and Maryse earned $188,950 as a married couple filing jointly in 2022. They did not have enough deductions to itemize, so they took the standard deduction.

a) What is their taxable income for the year?

b) What is their total federal tax for the year (assuming they did not qualify for any tax credits)?

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