Assume that married taxpayers filing jointly have a taxable income of $175,000 in 2020. Using...
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Accounting
Assume that married taxpayers filing jointly have a taxable income of $175,000 in 2020. Using the tax rate schedule found in your materials, rounded to the nearest dollar, what is the amount of federal income tax?
A)
$30,159
B)
$42,000
C)
$37,317
D)
$64,750
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