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Kevin and Laura are married and file a joint tax return. Together, their taxable income is $101,000. How much will they pay i

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Answer #1

ANSWER:-

Taxable Income =$101000

Tax Rate Taxable Income($) Calculation Amount($)

1

 10% 0 - 19400 $19400 * 10% 1940

2

 12% 19401 - 78950 ($78950 - $19400) * 12% 7146
3 22% 78951- 168400 ($101000- $78950) * 22% 4851

The amount of taxes they will pay

 1+2+3 13937

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