Assignment # 20. Federal Income Tax including Notes and examplesThe Federal Income Tax is not calculated by summing up all that an
individual earns and then taking a fixed percentage of that income.
Instead, the federal tax system is progressive. That means the more
income an individual makes, the greater percentage of it is taxed. In
this lesson, we will analyze our tax system.
Assignment # 20. Federal Income Tax Use the Tax Tables given above.
Show your work to get full credit on your answers.
1. Find the taxable income of a married couple with two children, who
have a combined income of $ 75 000.
2. Find the taxable income of a single person with no children who
has an income of $ 37 000.
3. Find a taxable income of a married couple with three children, who
have a combined income of $ 110,000.
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