Business, 18.03.2021 01:40, danielburke24

Personal Income Taxes - 2 Points (You must show your computations to receive credit.) 28 . Using the tax table provided, compute the income tax due for Susie and Josh Adams whose taxable income for the past year is $181,050.

Income Tax

Over Not Over The Tax is: Of the Amount Over

$- $19,750 $0 + 10% $-

19,750 80,250 1,975 + 12% 19,750

80,250 171,050 9,235 + 22% 80,250

171,050 326,600 29,211 + 24% 171,050

326,600 414,700 66,543 + 32% 326,600

414,700 622,050 94,735 + 35% 414,700

622,050 167,308 + 37.0% 622,050

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Personal Income Taxes - 2 Points (You must show your computations to receive credit.) 28 . Using th...