Mark and Mary are a married couple who will file a joint return in 2021. They have $350,000 in Box 1 wages and $100,000 in long term capital gains income. Assuming they use the standard deduction, what is their tax on Line 16 of the 1040 form?

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Mark and Mary are a married couple who will file a joint return in 2021. They have $350,000 in Box 1
wages and $100,000 in long term capital gains income. Assuming they use the standard deduction, what is
their tax on Line 16 of the 1040 form?
Transcribed Image Text:Mark and Mary are a married couple who will file a joint return in 2021. They have $350,000 in Box 1 wages and $100,000 in long term capital gains income. Assuming they use the standard deduction, what is their tax on Line 16 of the 1040 form?
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