Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank

Exercise 5

In 2011, a married couple (both professionals) ve a total annual income of $146,000. Their exemptions and deductions totaled $15,000. ( a ) termine their federal tax liability. ( b ) ing the same TI for the couple, determine their tax liability using the most current tax rates found in Publication 17 (taken from www.irs.gov). Has the tax amount gone up or down for this couple