Calculate the taxable income and federal taxes paid for each of the following: (a) Single filer; AGI = $65,000; itemized deductions = $2500 (b) Single filer; AGI = $110,000; itemized deductions = $15,000 (c) Married filing jointly; AGI = $150,000; itemized deductions = $8000 (d) Two people are married, but they are filing as two single people; AGI(1) = $80,000, AGI(2) = $70,000; itemized deductions(1) = $5000, itemized deductions(2) = $3000; compare the combined answers here to the answer in part (c); now find the new tax brackets for “married filing separately” and do the same comparison.

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