79. Leonardo earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income. How much money would Leonardo and Theresa save if they filed jointly instead of separately for year 2013? 80. If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for year 2013? 81. If Susie earns $750,000 in taxable income and files as head of household for year 2013, what is Susie's average tax rate (rounded)? 82. Eliminating the current system of withholding income taxes directly from employee paychecks would: 83. Curtis invests $250,000 in a city of Athens bond that pays 7% interest. Alternatively, Curtis could have invested the $250,000 in a bond recently issued by Initech, Inc. that pays 9% interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 28%. What is Curtis's after-tax rate of return on the city of Athens bond?
79. Leonardo earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income. How much money would Leonardo and Theresa save if they filed jointly instead of separately for year 2013? 80. If Susie earns $750,000 in taxable income, how much tax will she pay as a single taxpayer for year 2013? 81. If Susie earns $750,000 in taxable income and files as head of household for year 2013, what is Susie's average tax rate (rounded)? 82. Eliminating the current system of withholding income taxes directly from employee paychecks would: 83. Curtis invests $250,000 in a city of Athens bond that pays 7% interest. Alternatively, Curtis could have invested the $250,000 in a bond recently issued by Initech, Inc. that pays 9% interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 28%. What is Curtis's after-tax rate of return on the city of Athens bond?
Spilker--Taxation%20of%20Individuals%202014%205e.docx