Q 1. What kind of tax is paid on the value of a car or home? 2. Which of the following items is included in gross income? 3. Max and Jo are married, and together they have a taxable income of $60,000. The tax brackets and tax rates are as follows: $0–$19,050: 10% $19,050–$77,400: 12% $77,400–$165,000: 22% How much tax should Max and Jo pay? 4. Sonam is not eligible for the Child Tax Credit but is a qualifying dependent of Sara. How will the dependent credit available for Sonam impact Sara's tax due?
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