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UNO [17]
3 years ago
15

Joel and Sara are filing Married fling jointly. Their taxable income is $340,000. What is their 2018 income tax? a. $70,179 b. $

70,379 c. $60,179 d. $72,179
Social Studies
1 answer:
valentinak56 [21]3 years ago
5 0

Answer: d. $72,179

Explanation:

For couples filing jointly in 2018, their tax rates are as follows:

10% for $0 to $19,050

12% for $19,051 to $77,400

22% for $77,401 to $165,000  

24% for $165,001 to $315,000

32% for $315,001 to $400,000

But income tax is progressive, so the tax rate only applies to the amount in that bracket above the basic tax. So their first income of $19050 is taxed at 10% and the next  58350 is taxed at 12% and so on.

For a taxable income of 340000 , the applicable tax is as follows:

19050 at 10% = 1905

58350 at 12% = 7002

87600 at 22% = 19272

150000 at 24% = 36000  

25000 at 32% = 8000

1905  + 7002  + 19272  + 36000 +  8000  = $72,179

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The spread of Buddhism from India to parts of Asia along the Asian trade routes is an excellent example of which of the followin
masya89 [10]

Answer:

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Explanation:

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<em>In the this case , Buddhism originally from India came through the Silk Road and subsequent trade routes that stretched into China at the time Han Dynasty ruled.</em>

<em>The emperor is told to have request monks to translate the Buddisht texts into Chinese. Later the Emperor decided to built a sanctuary for the monks to live in as they began the translation of Buddhist teachings.</em>

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