J.PBuffet is a married investor with annual taxable income of 105500.How much will J.P...

J.P Buffet is a married investor with annual taxable income of 105500. How much will J.P pay in federal income tax when he files joint return?

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Expert Solution

total tax payable =14927

income left	taxable income	tax bracket	tax rate	tax payable
105500	19400	0-19400	10%	1940
86100	59550	19400-78950	12%	7146
26550	26550	78950-168400	22%	5,841.00
		total tax payable		14,927.00

jeff jeffy answered 2 years ago

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