Business, 10.05.2021 23:30 2023rmartel82

A married couple decides to file taxes jointly. They have a combined income of $175,000 as a kindergarten teacher and a marketing associate. They have two children under the age of 17. They also have rental property which provides net income of $5,000 a year. They have a high deductible health plan, so contribute $7,000 a year to their health savings account. 1. Locate the most current tax bracket table and determine which tax bracket this family will be in. 2. Visit the website at http://www.360financialliteracy. org.

2. In the Topics drop-down menu, select Taxes.

3. Under Taxes, select Filing Your Taxes and on the next page, select 1040 Tax Calculator under Calculators.

4. Using the information from this scenario, fill out the form to determine what the taxes will be for this family.

5. Save or Screenshot and Turn in the report and this sheet to your instructor.

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A married couple decides to file taxes jointly. They have a combined income of $175,000 as a kinderg...

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